BERLIN, GERMANY - About 50 - some of them top-ranking - representatives of Berlin's foreign policy establishment are calling for more German "leadership" in global politics.
GERMANY - Germany is reportedly considering creating its own Internet network service in order to “shield local internet traffic from foreign intelligence services” like the NSA.
USA - The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules.
USA - Doing more of what failed spectacularly will not save the day a second time, as the scale required to create yet more phantom collateral and more asset bubbles will collapse the system.
USA - The National Security Agency has come under an increasing amount of scrutiny following the highly publicized document leaks from former NSA contractor Edward Snowden.
USA - The White House response on Monday to the expanding disclosures of American spying on foreign leaders, their governments and millions of their citizens was a pathetic mix of unsatisfying assurances about reviews under way, platitudes about the need for security in an insecure age, and the odd defense that the president didn’t know that American spies had tapped the German chancellor’s cellphone for 10 years.
CHINA - Chinese Politburo member Yu Zhengsheng said reforms to be discussed at a Communist Party meeting next month will be unprecedented, adding to signs that leaders are resolved to spur far-reaching policy changes.
CHINA - For more than 40 years, its fleet of nuclear submarines has been shrouded in mystery. But now, China has unveiled the older generation of vessels, which can fire destructive rockets from under the sea.
INDIA - India and Russia hold joint military exercises in the deserts of Rajasthan, near the Pakistani border. The manoeuvres were named Exercise GangNeva, from the Holy river Ganga of India and the Holy river Neva of Russia.
JAPAN - Tokyo Electric Power Co must give a more thorough account of the Fukushima disaster and address “institutionalized lying” in the company, before it will be permitted to restart the Kashiwazaki Kariwa plant, according to a local governor.
EUROPE - Hurricane strength winds battered northern Europe on Monday, killing more than a dozen people, cutting power and forcing the cancellation of hundreds of flights and train journeys.
JAPAN - An operation with potentially “apocalyptic” consequences is expected to begin in a little over two weeks from now – “as early as November 8″ – at Fukushima’s damaged and sinking Reactor 4, when plant operator TEPCO will attempt to remove over 1300 spent fuel rods holding the radiation equivalent of 14,000 Hiroshima bombs from a spent fuel storage tank perched on the reactor’s upper floor.
USA - President Obama spent this week trying to persuade America’s close allies, France and Germany, that the National Security Agency’s extensive eavesdropping in those countries is under adequate control. He was not entirely successful.
GERMANY - According to Spiegel research, United States intelligence agencies have not only targeted Chancellor Angela Merkel's cell phone, but they have also used the American Embassy in Berlin as a listening station. The revelations now pose a serious threat to German-American relations.
UK - Top CDC expert declares that 'miracle drugs' that have saved millions are no match against 'superbugs' because people have overmedicated themselves.