… the more that talk of an “oil bubble” is replaced by a sullen consensus that prices are headed straight to the moon, the more likely it is we’ll get a major correction. Unfortunately, the main catalyst for this drop will likely be global economic collapse. […]
UN raises Burma cyclone estimate The UN has sharply increased its estimate of those severely affected by Burma’s cyclone to 2.5m people.
The figure was revised up from the 1.5m previously thought to be in need, following the storm 12 days ago.
Since Cyclone Nargis struck, hardly any foreign aid workers […]
GAO Hands FEMA Another Katrina Blow
FEMA officials must be wondering if Hurricane Katrina will ever blow over. Now, the Government Accountability Office (GAO) reports that FEMA lost another $30 million taxpayer dollars through “ineffective oversight” of contracts to maintain and deactivate those mobile homes and travel trailers […]
Oil Price Rise Causes Global Shift in Wealth
Iran, Russia and Venezuela Feel the Benefits
High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than […]
Thousands perched on rooftops in Mexico floods Flood waters pour through devastated Mexican city Rains flood thousands of homes in Mexico FOOD, WATER RUNNING OUT
Thousands of people perched on roofs in southern Mexico on Saturday, desperate to be evacuated from flooding caused by heavy rains that have left most of Tabasco […]
By CHISAKI WATANABE, Associated Press Writer
TOKYO – More than 100,000 people protested Saturday in southern Japan against the central government’s order to modify school textbooks which say the country’s army forced civilians to commit mass suicide at the end of World War II.
Publishers of […]
Iran is running 3,000 atomic centrifuges
TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad said on Sunday Iran had met a planned target of installing and running 3,000 atomic centrifuges used in enriching uranium, Iranian news agencies reported.
Iran had said it aimed to have that many centrifuges, which are set up in […]
Russia rejects fears that air-defense systems sold to Syria can end up in Iran MOSCOW: Russia has begun delivery of modern air-defense units to Syria while rejecting speculation that some of the weapons could be forwarded secretly to Iran, a newspaper reported Friday. “The first part of the delivery to Syria has started,” […]