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Archive for March 21, 2011

Japan nuclear crisis on edge as toll of dead or missing surpasses 21,000 Radiation traces found in food and water

March 21, 2011 Comments off
www.vancouversun.com

A woman lights a candle during a vigil in remembrance of the victims of the earthquake and tsunami that devastated parts of Japan outside the Japanese embassy in Amman March 20, 2011.

TOKYO — Japan hoped power lines restored to its stricken nuclear plant may help solve the world’s worst atomic crisis in 25 years, triggered by an earthquake and tsunami that also left more than 21,000 people dead or missing.The Asian nation’s people are in shock at both the ongoing battle to avert deadly radiation at the six-reactor Fukushima plant and a still-rising death toll from the March 11 disaster.

The world’s third largest economy has suffered an estimated $250 billion of damage with entire towns in the northeast obliterated in Japan’s darkest moment since World War Two.

Tokyo’s markets are closed for a holiday on Monday.

Elsewhere, investors will be weighing risks to the global economy from Japan’s multiple crisis, along with conflict in Libya and other unrest in the Arab world.

Easing Japan’s gloom briefly, local TV showed one moving Read more…

Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More

March 21, 2011 Comments off

http://www.nonstopgold.com

While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. “Iran has bought large amounts of gold in the international market, according to a senior Bank of England official, in a sign of how growing political pressure has driven Tehran to reduce its exposure to the US dollar. Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times.” The reason for Tehran’s scramble into gold: “an attempt by Iran to protect its reserves from risk of seizure”. The misrepresentation of Iran’s holdings could be so vast that Iran could possibly be one of the largest holders of goldin the world. “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the Read more…

India watchful of threat from China

March 21, 2011 Comments off

www.thenews.com

NEW DELHI: “India is conscious and watchful of the implication of China’s evolving military profile in the immediate and extended neighborhood,” says Indian Defence Ministry’s Annual Report for 2010-11.

Even as the report says that the country’s relation with China are of “crucial importance” and its policy is to engage Beijing is based on principles of “mutual trust and respect and sensitivity for each other” it has made it obvious that Chinese specific military preparations by India are under consolidation and will gain momentum in future.

Indian military formations, till now have been mostly field formations capable of undertaking operations in plains and not high altitude mountainous terrain which comprises country’s borders with China.

The rising military budget has enabled India to raise mountain divisions and shop for weapon systems that can help her conduct operations against China. India has already raised two mountain divisions comprising 25,000 to 30, 000 troops for deployment along the Chinese borders in Arunachal Pradesh and has started deploying IAF Squadrons closer to Chinese borders. The IAF has Read more…

Libya: missile destroys Gaddafi building

March 21, 2011 Comments off

Telegraph.co.uk

Libya: missile destroys Gaddafi building

Tracer fire fills the sky from anti-aircraft fire above the hotel where foreign media and government officials are staying in Tripoli Photo: AP

Libyan officials claimed that the strike on his Bab al-Azizia leadership compound amounted to an attempt to assassinate the long serving leader.

A huge plume of smoke rose from the site of an three-storey administrative building just 100 yards from the tent in the compound used by Col Gaddafi for media interviews and high level visits.

There were no reported casualties but the front of the building had collasped.

A crowd of loyalists gathered near the collapsed building to denounce the first attack on the Libyan leader’s personal citadel

Officials said the building was an administrative bloc not connected with the military. Shrapnel was Read more…

Arab League criticizes Western strikes on Libya

March 21, 2011 Comments off

AFP

CAIRO – The Arab League on Sunday criticized Western military strikes on Libya, a week after urging the United Nations to slap a no-fly zone on the oil-rich North African state.

“What has happened in Libya differs from the goal of imposing a no-fly zone and what we want is the protection of civilians and not bombing other civilians,” Arab League secretary general Amr Mussa told reporters.

On March 12, the Arab League urged the United Nations to impose a no-fly zone on Libya and said Moammar Gadhafi’s regime had “lost legitimacy” as it sought to snuff out a rebellion designed to oust him from power.

In the West’s biggest intervention in the Arab world since the 2003 US-led invasion of Iraq, US warships and a British submarine fired more than 120 Tomahawk cruise missiles into Libya on Saturday, the US military said.

French warplanes also carried out strikes.

The UN Security Council passed Resolution 1973 on Thursday authorising military action to prevent Gadhafi’s forces from attacking civilians.

Japan crisis: ‘There’s no food, tell people there is no food’

March 21, 2011 Comments off

telegraph.co.uk

A man scavenges for food inside a looted supermarket that was damaged in the tsunami in Ichinomaki, Japan

The unshaven man in a tracksuit stops his bicycle on the roadside and glances over his shoulder to check that he is unobserved. Satisfied, he reaches quickly into the sludge-filled gutter, picks up a discarded ready-meal and stuffs it into a plastic carrier bag.

In another time, another place, Kazuhiro Takahashi could be taken for a tramp, out scavenging for food after a long night on the bottle. In fact, he is just another hungry victim of Japan’s tsunami trying to find food for his family.

“I am so ashamed,” says the 43-year-old construction worker after he realises he has been spotted. “But for three days we haven’t had enough food. I have no money because my house was washed away by the tsunami and the cash machine is not working.”

If his haul wasn’t so pitiful — his bag had two packets of defrosted prawn dumplings and a handful of Read more…

Silver will go to $100/oz:Lindsey Williams

March 21, 2011 Comments off