Wednesday 6 June 2012

Wednesday's stories




Israeli drones hit southern Gaza Strip
Israel has carried out drone attacks on the southern Gaza Strip, but there have been no reports of casualties or damage to buildings or property so far.
Global economy

The Greek stock market has plummeted 5.9 percent after Standard & Poor's credit rating agency warned that the country has a one-in-three chance of leaving the eurozone.

 Germany warms to eurozone debt fund
BERLIN: With the euro crisis intensifying, Germany has indicated it is prepared to accept a grand bargain that would provide greater support for its most indebted euro zone partners in exchange for far more centralised control over government spending in Europe.

EU weighs plan for 'banking union' to save euro
EUROPE'S leaders appear to be edging towards an ambitious and controversial new blueprint for a federalised eurozone after Paris and Brussels threw their weight behind Spain's pleas for a European Union rescue of its banks.

Stocks advance as treasuries, yen retreat
Stocks rose, while Treasuries retreated, as an increase in US service-industry growth tempered concern the largest economy was slowing and a report said Europe's bailout fund was preparing a credit line for Spain. The yen fell as Japan's finance minister said he's concerned about the currency's rise

Iran Gold Imports Surge - 1.2 Billion USD Of Precious Metals From Turkey in April Alone
Eurozone monthly sales trend TEN times worse than expected
The Eurozone’s April retail sales were down a full 1% compared to the March figure. The ‘expected’ fall was -0.1%. Year-on-year, the number predicted was -1%. The actual figure has come in at -2.5%.



Qantas at risk of credit rate downgrade
JUST five years ago, the Airline Partners Australia consortium was only hours away from buying Qantas at the price of $5.60 per share.



Military/intelligence


A US drone strike has killed al-Qaeda's second-in-command, in a significant blow to the terrorist network that has lost a string of top leaders since the death of Osama bin Laden last year.
Oh, so it must be all right then, killing all those Pakstanis - RW

A massive experimental drone designed by Boeing Co. engineers to fly for up to four days at a time completed its first test flight above the Mojave Desert at Edwards Air Force Base

President Vladimir Putin and his Chinese counterpart Hu Jintao broke ground on a new bilateral relationship. Given the regional challenges, Russia and China have more in common than ever before.

Teams to be stationed in four hard-hit cities as rebel and government attacks continue despite ceasefire effort.

Syria has expelled British diplomats, alongside a number of Western diplomats, from Damascus in order to encourage them to “correct” their position.

Pakistan's Foreign Ministry has called US Charge d'affaires Richard Hoagland over Washington’s continued assassination drone attacks in the country.

Five Azeri troops and three Armenian soldiers killed in days of clashes as Hillary Clinton calls for calm

Environment

Late last week, we reluctantly handed over more than 3,000 confidential e-mails to BP, as part of a subpoena from the oil company demanding access to them because of the Deepwater Horizon disaster lawsuit brought by the US government

Hardly a day goes by in Sochi, Russia’s picturesque Black Sea resort, without a dead dolphin washing up on the beach. With the tourist season just kicking off, the unexplained deaths have yet to draw much scrutiny. But environmentalists are increasingly alarmed.



VAST reaches of Victoria and NSW came under attack from the elements yesterday, with strong winds and heavy rains causing considerable damage to properties across the two states.

Yet more suffering from those trying to get their lives together after more than 1 year of quakes - RW

Civil unrest/revolution

Protesters press political demands in Egypt
Thousands descend on Cairo square for the fourth straight night to demand Ahmed Shafiq's removal from presidential race.

Energy/resources

I don't think they will! -RW

Europe


Police have detained some 20 activists protesting outside Russia's parliament where deputies debated a Kremlin-backed bill to hike fines for violations during rallies, a proposal the opposition says is aimed at smothering dissent.
Yes, but why don't you cover similar moves in western countries?


If the eurozone does not agree on the way out of the crisis within three months it could eventually turn into “a German empire with the periphery as the hinterland,” billionaire investor George Soros warns.

The Euro is creaking and making funny noises. Lloyds of London – who have a pretty good ear to perceive impending disasters – says the insurance market is preparing for the Euro's collapse and is trying to reduce its exposure as much as possible.


Japan


USA

A disagreement between supporters of presidential hopeful Ron Paul and the Republican Party establishment in Louisiana led to arrests and injuries during the state's GOP’s convention over the weekend.

Police in Aurora, Colo., searching for suspected bank robbers stopped every car at an intersection, handcuffed all the adults and searched the cars, one of which they believed was carrying the suspect.


If you want to see a perfect example of how completely broken our regulatory system is, look no further than a speech that Daniel Gallagher, one of the S.E.C.’s commissioners, recently gave in Denver, Colorado

China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International 
Economics and the Center for Global Development.

Americans in the US state of Wisconsin have made their way to polling stations for a state governor

Australia/NZ 



Qantas at risk of credit rate downgrade
JUST five years ago, the Airline Partners Australia consortium was only hours away from buying Qantas at the price of $5.60 per share.

SLOWING growth in China and the threat of serious instability in Europe have forced the Reserve Bank to cut its benchmark rate to a level not seen since the aftermath of the global financial crisis, in an effort to deliver stimulus to the Australian economy.

Australia's largest rail freight company QR National will cut more than 500 jobs as part of a restructure.

The New Zealand dollar fell after the leaders of the Group of Seven nations came up with no action plan to counter Europe's deteriorating financial crisis.

DEFENCE Minister Stephen Smith took extraordinary precautions against Chinese espionage before arriving in Beijing yesterday, revealing the degree of distrust lingering beneath the surface of his goodwill visit.

Media/internet

'Leak it all!' Anonymous calls for Fight Club-style 'Project Mayhem-2012'
Anonymous are set to activate the dormant cells of a global 'Fight Club’ to battle corruption by calling on supporters to leak a massive cache of state and corporate secrets for the world to see.
Unwillingly championing equality before law, Russian Prime Minister and former President Dmitry Medvedev had four of his video uploads on Vkontakte social network banned over copyright issues on Tuesday.

And finally


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