GERMANY - A scathing German assessment of France's economic weakness – in which the country is labelled "Europe's biggest problem child" – has reopened divisions between Europe's two biggest powers.
GERMANY - As banks in the UK, Ireland and Spain accelerate their disposals of non-core loan portfolios, one European country is conspicuous by its absence – Germany.
GERMANY - According to consultant PwC, Germany tops the league tables for non-performing debt in Europe with €196 billion loans outstanding in July 2012. But just €4.3 billion of non-core asset sales have taken place in the country this year after negligible activity in 2010 and 2011.
ITALY - After learning that Enrico Letta is Italy’s new prime minister, I offer my sympathies to Italians. To say the usual suspects are back is to underline the plight of the Italian people as they are made poorer by the politicians who run their country.
UK - In 2011, 31 per cent of babies had either one or both parents born outside the UK, a significant rise on the 2000 figure of 21.2 per cent. The figures, obtained by Tory MP Nicholas Soames, also show that 18.1 per cent, or 131,288, of the total number of 2011 births had two foreign-born parents. Now a study has shown that the number of immigrants to the UK means Britain has the fastest-rising percentage of ethnic minority and foreign-born populations. The number of foreigners and non-white people living in the UK will double by 2040, making up a third of Britain, while white Britons will be a minority by 2066, according to research.
UK - Have you ever uploaded a photo to Facebook, Instagram or Flickr? If so, you'll probably want to read this, because the rules on who can exploit your work have now changed radically, overnight.
EUROPE - Environmentalists hailed a "victory for bees" today after the European Union voted for a ban on the nerve-agent pesticides blamed for the dramatic decline global bee populations.
USA - The Government Accountability Office tells Whispers it is now investigating large ammunition purchases made by the Department of Homeland Security. Chuck Young, a spokesman for GAO, says the investigation of the purchases is “just getting underway.” The congressional investigative agency is jumping into the fray just as legislation was introduced in both the Senate and the House to restrict the purchase of ammo by some government agencies (except the Department of Defense). The AMMO Act, introduced Friday, would prevent agencies from buying more ammunition if “stockpiles” are greater than what they were in previous administrations.
USA - A US lawmaker is questioning the Pentagon’s decision to use a Chinese commercial satellite to provide communications for its Africa Command. Use of China’s Apstar-7 satellite was leased because it provided “unique bandwidth and geographic requirements” for “wider geographic coverage” requested in May 2012 by the US Africa Command, according to Lieutenant Colonel Monica Matoush, a Pentagon spokeswoman. The contract “exposes our military to the risk that China may seek to turn off our ’eyes and ears’ at the time of their choosing,” Mike Rogers, a Republican from Alabama and chairman of the panel that oversees space programmes, said yesterday in an e-mailed statement “It sends a terrible message to our industrial base at a time when it is under extreme stress” from the automatic budget cuts known as sequestration.
USA - A hidden epidemic is poisoning America. The toxins are in the air we breathe and the water we drink, in the walls of our homes and the furniture within them. We can’t escape it in our cars. It’s in cities and suburbs. It afflicts rich and poor, young and old. And there’s a reason why you’ve never read about it in the newspaper or seen a report on the nightly news: it has no name — and no antidote.
CYPRUS - Savers in the Bank of Cyprus took a hit on Sunday as 37.5 percent of their uninsured deposits were converted to equity as part of the island's €10 billion (£8.4 billion) rescue deal.
USA - Today legendary trader Jim Sinclair told King World News that today is a day of financial infamy as Cyprus depositors have now officially been flushed. Sinclair also stated that history will show this day as being as serious as the flushing of Lehman Brothers. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to assist during a Wall Street crisis, had to say in this remarkable interview.
USA - An anti-abortion group that mounted a six-month undercover investigation has released videos this week that raise questions about what might happen to a baby as a result of an unsuccessful abortion.
BANGLADESH - More than 3,000 people worked producing cheap t-shirts for European clothing chains in the highrise sweatshop that collapsed in Bangladesh last week. Hundreds died because the facility was lacking even the most basic safety standards.
WASHINGTON DC, USA - Elderly survivors of the Holocaust and the veterans who helped liberate them gathered for what could be their last big reunion Monday at the US Holocaust Memorial Museum.