Unemployment Offices to Add Armed Guards

Armed security guards will be on hand at 36 unemployment offices around Indiana in what state officials said is a step to improve safety and make branch security more consistent. No specific incidents prompted the action, Department of Workforce Development spokesman Marc Lotter told 6News’ Norman Cox. Lotter said the agency is merely being cautious... Read more...

E.U. Rules Let Iran Import, Export Oil

The United States and Europe have worked cooperatively on Iran policy since President Obama took office, but a small crack might have begun to open over sanctions that are beginning to pinch ordinary Iranians. The European Union issued regulations this week that went well beyond a U.N. Security Council resolution passed in June, outlining tough restrictions... Read more...

Hiroshima, Nagasaki Protest US Nuclear Test

Japanese officials from Hiroshima and Nagasaki, the world’s only cities to have been hit by atomic bombs, expressed their outrage and regret Thursday at a US nuclear test conducted last month. The US government said on Tuesday that it had carried out a subcritical nuclear test, which does not entail a chain reaction for a nuclear explosion, at... Read more...

Activity Detected at North Korea Nuclear Test Site

A U.S. satellite has detected increased activity at a North Korean nuclear weapons test site, suggesting it could be preparing for a third test, a South Korean government source was quoted as saying on Thursday. The report comes after satellite images taken last month also showed heightened activity at the North’s main Yongbyon nuclear complex,... Read more...

U.S. Nuclear Missile Base Loses Communication

A computer failure caused a break in communication with 50 nuclear missiles at Warren Air Force Base in Wyoming during the weekend, military officials said Tuesday. The officials said the outage Saturday lasted about 45 minutes. The White House was briefed about the incident Tuesday morning. There was no evidence of foul play and the air force never... Read more...

Iran Fuels Up Nuclear Plant as Sanctions Bite

Iran began loading fuel into the core of its first nuclear power plant on Tuesday, its atomic energy chief said, the last major step toward realizing its stated goal of becoming a peaceful user of nuclear energy. Officials said the fueling at the Bushehr plant showed Iran’s nuclear plans were on track despite sanctions aimed at forcing it to curb... Read more...

RAF Jets Scrambled Twice to intercept Russian Nuclear Bombers

RAF fighter jets have been scrambled to intercept Russian nuclear bombers near British airspace twice in the last week, it emerged today. The alarm was raised after the huge Tupolev Tu95 ‘Bears’ were spotted on Monday and Tuesday, flying in a Nato-policed zone close to the UK. Tornados from RAF Leuchars in Fife were despatched to identify... Read more...

China Accuses US of “Out Of Control” Dollar Printing

After taking heat from the White House for nearly a year for its currency peg, a fact that in itself will never get China to loosen its regime as it would be perceived as yielding to pressure from D.C., China has once again gone on the offensive, this time via its commerce minister who earlier today said that dollar issuance in the U.S. is “out... Read more...

100 Dollar Oil is Coming

The price of oil has been hovering around 80 dollars a barrel for quite some time now, but get ready, because it is going to move significantly higher.  Oil prices have already risen about 9 percent over the past month, and many believe that this could very well be the start of a new trend. Lawrence Eagles, a top analyst at JP Morgan, recently made... Read more...

Dollar at Risk of Becoming ‘Toxic Waste’

The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday. “If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a little bit of minor panic,”... Read more...

China Raises Retail Fuel Prices 3%

China, the world’s biggest energy consumer, increased retail gasoline and diesel prices by 3 percent today as part of government measures to cool the economy and to meet energy-saving targets. The ceiling for gasoline prices will rise by 230 yuan ($34.50) a metric ton and diesel prices will gain 220 yuan a ton, the National Development and Reform... Read more...

The US-Saudi Military Deal and Global Military Expenditure

The US plan to sell US 60 billion dollars worth of military equipment to Saudi Arabia will not contribute to peace and security in the Middle East. The biggest arms deal ever in history, it provides for the sale of jetfighters and helicopters to oil-rich Saudi Arabia over a period of 15 to 20 years. US officials have stated that it will enhance the... Read more...

Ongoing Iran War Preparations?

The monumental expansion of arms sales and the buildup of naval and air power in the Arabian Sea region are unprecedented. They are also alarming to the highest degree. A quarter of the world’s nuclear aircraft carriers will soon be in the Arabian Sea. The Nimitz class nuclear-powered supercarrier USS Abraham Lincoln arrived in the region on October... Read more...

Upcoming Wholesale Tariffs with China

Today’s very remarkable analysis from Albert Edwards presents a stunning spin on the China-US Nash Equilibrium, concluding that wholesale tariffs with China are now inevitable: “If another round of credit-fueled investment is about to be unleashed onto a global economy, already on the verge of deflation ” it will simply not be tolerated.... Read more...

Will the Federal Reserve Cause a Civil War?

What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope. Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could... Read more...

Time Magazine: Prospect Of Civil War In U.S. “Doesn’t Seem That Far Fetched”

With protesters in France entering a seventh day of strikes and demonstrations against draconian austerity measures, many political observers in the U.S. are now wondering how long it will be before similar scenes unfold on American streets, with even Time Magazine now conceding that the prospect of a civil war in the States “doesn’t seem that far... Read more...

The Chinese are Hoarding Silver

“Jesse” of Jesse’s Cafe Americain link brought the article below to my attention. Silver exported from China has declined 40% this year because of the strong internal demand: “The demand is coming from all areas, including jewelry, investment and fabrication and this has resulted in a physical market shortage in the Far East…”... Read more...

Workers Without Status in France Emerge as a Social Force

At the end of the afternoon of May 27, a mass demonstration marched into the Place de la Bastille in Paris. The march itself represented what can now be viewed as a low point in the national union mobilizations to challenge the proposed weakening of France’s public pension regime and other reactionary responses of Nicholas Sarkozy’s government... Read more...

China Halts Rare Mineral Exports to US and Europe

The latest escalation in the binary version of modern warfare (i.e., that fought with a Bloomberg instead a stealth fighter), comes from China, which the NYT reports has just halted shipment of rare minerals to the US: “China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of... Read more...

French Retirement Protests Take Violent Turn

Masked youths clashed with police and set fires in cities across France on Tuesday as protests against a proposed hike in the retirement age  took an increasingly radical turn. Hundreds of flights were canceled, long lines formed at gas stations and train service in many regions was cut in half. President Nicolas Sarkozy pledged to crack down on “troublemakers”... Read more...

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