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Two Iranian Warships May Pass Through Suez Canal, Israel’s Lieberman Says
By Gwen Ackerman
Israeli Foreign Minister Avigdor Lieberman said that two Iranian gunboats are planning to sail late today to Syria through Egypt’s Suez Canal in what he called a “provocation.”
“Regretfully, the international community isn’t showing readiness to deal with the recurring Iranian provocations,” Lieberman said today in a speech to U.S. Jewish leaders in Jerusalem. “The international community must understand that Israel can’t ignore forever these kinds of provocations.”
The Israeli statement comes five days after Egyptian President Hosni Mubarak stepped down and unrest in North Africa spread to the Persian Gulf, where Bahrain and Iran have seen anti-government protests since Feb. 14. Israeli leaders have voiced concern that Iran may exploit Read more…
Riots Break Out in Bahrain
Police fired tear gas into a crowd of protesters in the Diraz area today. Photographer: -/AFP/Getty Images
Bahraini riot police were deployed to break up protests across the island nation as demonstrators, inspired by revolts in Egypt and Tunisia, demanded more political freedom and jobs.
Police fired tear gas into crowds in the areas of Diraz and Bani Jamrah. Earlier, residents of the Shiite Muslim village of Nuweidrat said clashes broke out between activists and police after morning prayers. Police were present on the outskirts of Nuweidrat, where Shiite flags adorned buildings along alleyways.
”We were starting our peaceful protests when riot police attacked us with tear gas,” Nabeel Rajab, head of the Bahrain Center for Human Rights, said in an interview after the protest in Bani Jamrah was dispersed. “We will continue Read more…
NYC Faces $1 Billion in Budget Cuts
NEW YORK—On Sunday, Rep. Anthony Weiner (D-N.Y.) published a report analyzing the proposed Republican budget plan, which will be voted on this week.The congressman said that while there is a deficit that needs to be reduced, this plan is cutting the wrong corners.
“We have found that nearly a billion dollars worth of services that are provided by different government programs are getting cut. Yet programs like [those of] the Department of Defense are held almost entirely harmless,” Weiner said.
House Appropriations Committee Chairman Hal Rogers has stated that the total debt has run up to $14 trillion.
“This legislation includes the largest reduction in discretionary spending in the history of our nation, five times larger than any other discretionary cut package ever considered by the House,” Rogers said in a press release. “The CR contains over $100 billion in cuts compared to Read more…
Gaddafi tells Palestinians: revolt against Israel
Ali Shuaib and Salah Sarrar
TRIPOLI (Reuters) – Palestinian refugees should capitalize on the wave of popular revolts in the Middle East by massing peacefully on the borders of Israel until it gives in to their demands, Libyan leader Muammar Gaddafi said on Sunday.
Gaddafi is respected in many parts of the Arab world for his uncompromising criticism of Israel and Arab leaders who have dealings with the Jewish state, though some people in the region dismiss his initiatives as unrealistic.
He was giving his first major speech since a popular uprising in neighboring Egypt forced President Hosni Mubarak to resign, an event which electrified the Arab world and prompted speculation that other Arab governments could also be toppled.
“Fleets of boats should take Palestinians … and wait by the Palestinian shores until the problem is resolved,” Gaddafi was shown saying on state television. “This is a time of popular revolutions.”
“We need to create a Read more…
Algeria shuts down internet and Facebook as protest mounts
Internet providers were shut down and Facebook accounts deleted across Algeria on Saturday as thousands of pro-democracy demonstrators were arrested in violent street demonstrations.
Plastic bullets and tear gas were used to try and disperse large crowds in major cities and towns, with 30,000 riot police taking to the streets in Algiers alone.
There were also reports of journalists being targeted by state-sponsored thugs to stop reports of the disturbances being broadcast to the outside world.
But it was the government attack on the internet which was of particular significance to those calling for an end to President Abdelaziz Boutifleka’s repressive regime.
Protesters mobilising through the internet were largely credited with bringing Read more…
IMF Calls for Dollar Alternative
The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled “Enhancing International Monetary Stability—A Role for the SDR“, the IMF details the “problems” with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the “final solution” to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency. In this newly published report, the IMF makes this point very clearly: “In the even longer run, if there were political willingness to do so, these securities could constitute an embryo of global currency.” Yes, you read that correctly. The SDR is supposed to be “an embryo” from which a global currency will one day develop. So what about the U.S. dollar and other national currencies? Well, they would just end up fading away.
CNN clearly understands what the IMF is trying to accomplish with this new report. The following is how CNN’s recent story about the new IMF report begins….
“The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.”
That is exactly what the IMF intends to do.
They intend to have SDRs replace the U.S. dollar as the world reserve currency.
So exactly what are SDRs?
Well, “SDR” is short for Special Drawing Rights. It is a synthetic currency unit that is made up of Read more…
Hosni Mubarak gives authority to VP Omar Suleiman
Egyptian Presidential Palace–
On October 14, 1981 Muhammad Hosni Sayyid Mubarak assumed the Presidency of Egypt following the assassination of President Anwar El Sadat. He is the longest-serving Egyptian ruler since Muhammad Ali Pasha. He announced today that he will not resign but will handover power to Vice President Omar Suleiman ,however, he will no longer run for office.
He quotes “Will work for a peaceful transition of power; says he wants honesty and transparency…I will not run for next presidential election; wants smooth transfer of power…Praises youth and sacrifices; says he will punish those responsible for attacks”
On Feb 4, 2011 there was a failed assassination attempt on Egypt’s vice president left two of his bodyguards dead.
Since January 25, 2011, for a total of 17 days, a popular uprising from the people of Egypt called for his resignation as president of Egypt due to corruptness and illegal activities that the government was associated with. Because of inflation, many Egyptians are currently struggling to feed themselves as the country’s food crisis is beginning to spiral out of control utilizing anywhere between 40 to 60 percent of their wages going to food.
With this announcement brings many questions to mind. Who will lead Egypt? What will the future of Egypt bring to the world? How will this affect the relationship with Israel and the United States? Is this just a preview of what is to come in other Middle East/ North Africa countries whom are in an eerily similar format? What will happen with crude oil prices? As of now all we can do is watch and see history unfold before our eyes. September awaits…
Pirates hijack $200 million crude oil: owners say Somali pirates dangerously disrupting world oil supplies
A supertanker carrying about $200m (£125m; 146m euros) worth of crude oil has been hijacked off the coast of Oman, the vessel’s Greek operator says.
Athens-based shipping company Enesel said they had lost communication with the Irene SL.
The 333m (1,093ft) vessel was on its way from the Gulf to the Gulf of Mexico when it was attacked.
Although the incident happened hundreds of miles from Somalia, pirate gangs are known to operate there.
A body representing the owners of much of the world’s tanker fleet warned that Read more…
WikiLeaks cables: Saudi Arabia is quickly running out of oil
US diplomat convinced by Saudi expert that reserves of world’s biggest oil exporter have been overstated by nearly 40%
The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.
The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom’s crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.
The revelation comes as the oil price has soared in recent weeks to more than $100 a barrel on global demand and tensions in the Middle East. Many analysts expect that the Saudis and their Opec cartel partners would pump more oil if rising prices threatened to Read more…
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