USA - A sprawling wildfire in northern Colorado grew larger than the nearby city of Fort Collins on Monday, racing across a crackling dry landscape at up to 40 feet a second, spitting flames as far as 300 feet into the air and forcing thousands out of their homes.
UK - An almost non-stop deluge of heavy showers from today will see up to four weeks’ worth of rain fall on much of Britain over a few days. Forecasters said that Britain faces more than a month of torrential downpours and the threat of further flash floods as tropical storms gear up to lash the country.
USA - Police officers in Indiana are upset over a new law allowing residents to use deadly force against public servants, including law enforcement officers, who unlawfully enter their homes. It was signed by Republican Governor Mitch Daniels in March.
CANADA - Fresh doubts have arisen about the safety of genetically modified crops, with a new study reporting presence of Bt toxin, used widely in GM crops, in human blood for the first time. Genetically modified crops include genes extracted from bacteria to make them resistant to pest attacks.
EUROPE - Chief economic advisor Kaushik Basu has warned that if the Eurozone breaks up finally, it will be more disastrous than the 2008 global financial crisis triggered by the fall of the Wall Street banks, from which the global economy is yet to recover.
EUROPE - With the huge debt crisis in Europe, locals are moving their money out of banks in fear of losing their savings. Where are they putting their money? Some are turning to Bitcoin, reports the Financial Post. Bitcoin is a an internet-only currency released in 2009, created in order to avoid fees for transferring money to different currencies and credit card companies.
MILAN, ITALY - The confirmation on Monday that Italy’s recession is deepening heightens pressure on Premier Mario Monti’s government, which is struggling to fend off the debt crisis and the perception that Italy could be next to seek a bailout following Spain’s decision to ask for help for its ailing banks.
SPAIN - Spain faces supervision by international lenders after a bailout for its banks agreed at the weekend, EU and German officials said on Monday, contradicting Prime Minister Mariano Rajoy who had insisted the cash came without such strings.
VATICAN - The former head of the Vatican Bank has become the Papacy’s Enemy Number One, after police discovered a trove of documents exposing financial misdeeds in the Holy See. The banker now reportedly fears for his life.
UK - Teachers could be forced to promote same-sex marriage in classrooms if gay weddings are legalised, one of Britain’s most senior human rights lawyers has warned. Parents will be powerless to prevent their children being taught about gay marriage at school if ministers press ahead with plans to legalise the move, it has been claimed.
SPAIN - Spain's €100 billion bank bailout could backfire on Madrid by destabilising public finances and hampering the country’s access to capital markets, experts have warned. Prime minister Mario Rajoy today hailed the deal with Brussels as a “victory” for Spain and the eurozone, but analysts said it was unlikely to convince financial markets for long.
UK/USA - Recent signs of global economic weakness have caused me to muse on the comparison between the world economy now and during the 1930s. The similarities are spooky. In regard to the depth of the downturn, the comparison is very different between countries.
EUROPE - Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100 billion once it begins, given the subordination of private creditors and collapse of global confidence in the governing structure of monetary union.
UK - A senior Conservative has called for the gay marriage consultation to be scrapped because it has no security safeguards and is “wide open to abuse”. Canterbury MP Julian Brazier, in a letter to Home Office Minister Lynne Featherstone, warns that the “defective” online consultation form “lacks even the most rudimentary of safeguards” to prevent it being hijacked by lobby groups.
USA - Hundreds of people were forced to leave their homes on Sunday as firefighters tried to contain wildfires in the US states of Colorado and New Mexico.