GERMANY - German Chancellor Angela Merkel told members of her coalition on Sunday to curb their rhetoric in the euro crisis. A member of the CSU party had said Greece would be out of the euro in 2013 and that the head of the European Central Bank was on his way to becoming the "currency forger of Europe."
USA - A "quake swarm" that has shaken southern California with hundreds of moderate temblors in quick succession is fueling jitters in the Golden State, long braced for the Big One. The quakes, which began Sunday and could last for a few days according to experts, were mostly moderate but included several over 5.0 in magnitude, causing minor damage in the town of Brawley, near the Mexican border.
USA - US farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance programme compensate for a smaller harvest.
BEIRUT, LEBANON - Iran is sending commanders from its elite Iranian Revolutionary Guard Corps and hundreds of foot soldiers to Syria, according to current and former members of the corps. The personnel moves come on top of what these people say are Tehran's stepped-up efforts to aid the military of Syrian President Bashar al-Assad with cash and arms. That would indicate that regional capitals are being drawn deeper into Syria's conflict — and undergird a growing perception among Mr Assad's opponents that the regime's military is increasingly strained. A commander of the Iranian Revolutionary Guard Corps, or IRGC, appeared to offer Iran's first open acknowledgment of its military involvement in Syria.
USA - Did you know that median household income in the United States is lower today than it was when the last recession supposedly ended? If we are in the middle of an “economic recovery”, how can this possibly be happening? Stunning new statistics compiled by Sentier Research show that the US economy is not nearly as healthy as we have been led to believe. According to the study that Sentier Research has just released, median household income in the United States was sitting at $55,470 back in January 2000. In December 2007, when the recession began, it was sitting at $54,916. In June 2009, when the recession supposedly ended, it was sitting at $53,508. Today, it is sitting at $50,964. This is a long-term trend that is definitely going in the wrong direction.
SYRIA - The Supreme Military Council of the Syrian rebels released on a statement on Tuesday which said that the rebel forces took control of an army missile base in Damascus, in which ten ready-to-launch missiles were found. Some of the missiles, according to the statement, were converted to carry non-conventional warheads. The Supreme Military Council of the rebels went on to claim that it had confirmed the report by examining photographic documentation of the scene. The Council warned that these facts indicate that the Assad regime is getting ready to bomb cities in Syria using these missiles, and the possibility that he will use missiles with unconventional warheads cannot be ruled out.
CHINA - China’s top banks are stepping up their lending activities in the US as large US companies diversify their funding sources and seek to penetrate more deeply into the world’s second-largest economy. Chinese banks’ share of US syndicated lending has risen to 6.1 per cent of the total market so far in 2012, up from 5.1 per cent last year, according to data from Dealogic. So far this year, the total value of syndicated loans from Chinese banks into the US has reached $51 billion.
GERMANY - Angela Merkel, the German chancellor, will visit China this week to celebrate what her officials see as Germany’s “special relationship” with the Asian heavyweight. Ms Merkel will meet Hu Jintao, China’s president, and Wen Jiabao, the country’s premier, bringing along seven German ministers for something that will almost resemble a joint cabinet meeting with 13 Chinese counterparts. “The Chinese want to hear from the horse’s mouth what’s going on with the euro crisis – they view [Ms] Merkel as the one with the purse,” he says. “It is a watershed moment for German diplomacy.”
USA - After Special Justice Walter Douglas Stokes sentenced former US Marine Brandon Raub to 30 days detention in the psychiatric ward of the Veterans Hospital, Circuit Court Judge Allan Sharrett dismissed the case citing that the original petition was “devoid of any factual allegations that it could not be reasonably expected to give rise to a case or controversy.”
WASHINGTON DC, USA - Earlier this week the Liberty Institute and the Family Research Council released a report titled: “The Survey of Religious Hostility in America.” It consists of a digest of more than 600 documented incidents of hostility to religion that have occurred in the United States during the last decade.
EARTH - A THUNDEROUS solar storm is threatening to strike Earth next year with possibly deadly consequences. Experts have painted a scenario of widespread blackouts, communications failing and computer and satellite systems going into meltdown.
RUSSIA - Igor Panarin, dean the Russian Foreign Ministry School for future diplomats, believes that President Obama will announce martial law by the end of 2012. He explains: “There’s a 55-45% chance right now that disintegration will occur.”
EUROPE - It is often said that one of the goals of the political project that is the European Union is to establish a “United States of Europe”. This analogy is misleading. While the United States has become increasingly centralized at least on paper the states are granted some established rights and responsibility.
USA - By arrogantly and unjustly bludgeoning Pakistan into abject submission, the US may have literally forced it out of a dysfunctional unilateral non-alliance and set the stage for a decisive paradigm shift in the geopolitics of the region. Critically, it may have made Pakistan susceptible to Russian overtures.
ARGENTINA - Argentine President Cristina Fernandez's popularity sank to 30 percent in August, less than half of what it was a year earlier, according to a poll published on Sunday that portrayed a country worried about crime and high inflation. Annual inflation, clocked by private analysts at over 20 percent, was another worry voiced in the survey. The government fines economists who publish their inflation estimates, which tend to double or triple the official figures. Participants in the poll also cited growing worries about unemployment. The country's second quarter jobless rate edged up to 7.2 percent. In the latest sign of malaise, Argentine industrial production fell 2.1 percent in July from a year earlier.