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June 1 marked an historic event between close trade partners—Japan and China. Japan is China’s largest trade partner and the two nations are growing closer together. On June 1 the two began trading directly in their own currencies instead of in U.S. dollars. This direct currency exchange will bolster their relationship and could be used by China to press for...
The San Francisco Board of Supervisors recently voted overwhelmingly to urge the U.S. Navy to name a vessel the “USS Harvey Milk.” Harvey Milk was one of the first openly homosexual politicians in the U.S. and served on the San Francisco Board of Supervisors. In order to determine if the idea was a good one, the Board consulted the spirits.
This week the United States Congress is debating a bill that would prohibit abortions on the basis of the sex of the unborn child.
Some politicians claim the U.S. economy is rising from the ashes even while Europe’s financial situation melts down. However, numerous analysts believe more turmoil remains for the United States. In Europe, Britain gives wise financial advice but continues to “borrow” endlessly without fixing its own financial problems. According to one financial analyst, “...
Noted economic historian Niall Ferguson observed in a recent interview that the only real solution to Europe’s financial crisis is a full fiscal union—a true United States of Europe—that would be unquestionably under the leadership of the financial powerhouse, Germany. Ferguson believes Europe could limp along for a while with Greece falling into step with EU...
Tensions in a resource-rich region of central Asia threaten to disrupt a 25-year ceasefire between Armenia and Azerbaijan. The two nations signed a treaty after the Nagorno-Karabakh War (1988-1994). However, in a direct provocation, Azerbaijani troops entered Armenia and killed three out-of-uniform soldiers. An Armenian military source stated, “The killing is...
Recently, a radical Muslim preacher told thousands of Muslim Brotherhood supporters in Egypt, “We can see how the dream of the Islamic caliphate is being realized, God willing, by Dr. Mohamed Mursi [the movement’s presidential candidate]... The capital of the caliphate—the capital of the United States of the Arabs—will be Jerusalem, God willing… Our capital...
The mounting debt crisis in Greece is again prompting talk that Greece will or should depart from the Eurozone! Respected columnist Roger Bootle writes in London’s Telegraph newspaper that Greece’s departure from the Eurozone and its return to the drachma may be the only way for Greece to recover from its insurmountable debt. Returning to the drachma will...
The day after North Carolina approved a constitutional amendment to ban same-sex marriage, Barack Obama became the first U.S. President to publically endorse homosexual marriage (YahooNews.com, May 9, 2012). His comments stirred controversy around the globe.
At a recent Jewish Global Forum meeting in Washington, German Foreign Minister Guido Westerwelle stated, “the international community will block Iran from obtaining a nuclear weapon… The current Iranian nuclear program represents an enormous danger, not only to Israel but to the region as a whole.” Germany, as a northern European nation, has recently become...