MAYFIELD, KENTUCKY, USA - Ranchers have struggled with skyrocketing corn prices, because the drought has made feeding their livestock very expensive. But one rancher has turned to a very sweet solution. At Mayfield's United Livestock Commodities, owner Joseph Watson is tweaking the recipe for success.
GERMANY - German ministers have told Greece that it will not be allowed an updated and more lenient austerity plan, and must fulfill the promises dictated by its current deal. “It can’t be helped. We can’t make yet another new program. There are limits,” Finance Minister Wolfgang Schäuble told visitors at his ministry’s open day in Berlin.
BRUSSELS, EUROPE - The European Commission wants the European Central Bank to supervise all the euro zone's banks, not just the biggest, Commission report said. The Commission’s proposal allows national authorities to supervise the banks’ day-to-day business, and the ECB will only intervene where it sees "dangerous risks", Handelsblatt daily wrote on Friday. German Chancellor Angela Merkel said at the end of June that the new banking supervisory authority should be responsible for the EU’s 25 biggest banks. But Handelsblatt said the EU's executive arm wants it to supervise all eurozone banks, including Germany's local savings and cooperative banks, even though Berlin wanted them exempted.
CHINA - Anti-Japanese protests have taken place in cities across China after Japanese nationalists raised their country's flag on disputed islands. Thousands of people took to the streets in Shenzhen, Guangzhou and a number of other cities demanding that Japan leave the islands in the East China Sea. In Shenzhen, some demonstrators attacked Japanese restaurants and smashed Japanese-made cars. The islands are known as Senkaku in Japan and Diaoyu in China.
RUSSIA - Russia on Friday rejected renewed calls to set up safe zones and no-fly zones in Syria’s border areas after the United States said it was ready to begin talks to consider the move. “You have to solve citizen security issues using methods put in practice by international humanitarian law,” Foreign Minister Sergei Lavrov said, skeptical that the move would give the US and its allies an opportunity to intervene militarily in Syria. “But if you try to create no-fly zones and safety zones for military purposes by citing an international crisis — this is unacceptable,” he said.
EGYPT - Egypt's President Mohammed Morsi will attend a summit in Iran later this month, a presidential official said on Saturday, the first such trip for an Egyptian leader since relations with Tehran deteriorated decades ago. The official said that [Mr] Morsi will visit Tehran on August 30 on his way back from China to attend the Non-Aligned Movement Summit, where Egypt will transfer the movement's rotating leadership to Iran. The idea was welcomed by Iran's state-run Press TV, and a leading member of Egypt's Muslim Brotherhood said that Tehran's acceptance of the proposal was a sign Egypt was beginning to regain some of the diplomatic and strategic clout it once held in the region.
USA - The military suicide rate doubled in July. That's one of our troops, almost every day. More troops die by their own hands than by the hands of the Taliban in Afghanistan. To come up with an answer, the Army recently gave 3 million dollars to a university of Indiana research center, and those researchers came back with this: Anti-Suicide Nasal Spray. Katie Drummond of The Daily reports researchers found a naturally occuring neurochemical called thyrotropin-releasing hormone, or TRH, that has euphoric, calming, anti-depressant effects. News of the nasal spray comes as a relief to some, who had to endure spinal taps for injections of the medicine.
UK - Motorists in the UK pay more than double the amount American drivers shell out – and are hit harder in the pocket than the French, Germans, Belgians and Swiss. British drivers typically pay £1.32 per litre – around 20p more than those filling up on Spanish forecourts. Even those in wealthy Switzerland pay 4p less per litre than British motorists. But it is the oil-rich, subsidised Venezuelans who are laughing all the way to the tank. They pay a mere 1p per litre.
VATICAN CITY - Pope Benedict XVI has named Archbishop Giuseppe Lazzarotto as a new envoy to Israel, who will also serve as apostolic delegate in Jerusalem and Palestine. Lazzarotto, a 70-year-old Italian prelate, told Vatican Radio Saturday that he will do his best “in the cause of dialogue and peace” and said that there are “many men and women of good will who live in the Holy Land.” Vatican Radio noted that Lazzarotto is familiar with the region, because he first served as a papal envoy in Jordan and Iraq from 1994-2000.
BERLIN, GERMANY - German military will in future be able to use its weapons on German streets in an extreme situation, the Federal Constitutional Court says. The ruling says the armed forces can be deployed only if Germany faces an assault of "catastrophic proportions", but not to control demonstrations.
AUSTRALIA - A WA mortgage broker who got rich by “fudging figures” has blown the whistle on the banks that conspired in Australia’s own sub-prime mortgage scandal. In 2007 Kate Thompson was WA mortgage broker of the year. Now she is facing fraud charges.
MAKKAH, SAUDI ARABIA - The Organization of Islamic Cooperation suspended Syria’s membership early on Thursday at a summit of Muslim leaders in Makkah, citing President Bashar Assad’s violent suppression of the Syrian revolt.
JERUSALEM, ISRAEL - The Israeli prime minister may order a strike on Iran - but first he will need to face down opposition from the military and his own cabinet. Israeli President Shimon Peres, in a remarkable display of defiance against Prime Minister Benjamin Netanyahu, said Thursday that Israel could not and should not launch an attack on Iran without America’s approval.
ISRAEL - "This is a threat to wipe out the state of Israel," Rabbi Hier said. "We should take these people at their word." Tensions between Iran and Israel have intensified since 2005, when Ahmadinejad said in a speech that Israel will one day be "wiped off the map."
EGYPT - Opponents of Egypt's Muslim president executed 'naked on trees'. The Arab Spring takeover of Egypt by the Muslim Brotherhood has run amok, with reports from several different media agencies that the radical Muslims have begun crucifying opponents of newly installed President Mohammed Morsi.