Tuesday, May 31, 2011

Markets Fret About Euro 'Slow-Motion Car Crash'

Markets Fret About Euro 'Slow-Motion Car Crash'

By: Catherine Boyle
Web Producer, CNBC.cm

Reports that Greece has not met any of the fiscal targets set by the International Monetary Fund (IMF) and the European Union (EU) as part of its 110 billion euros ($157 billion) bailout knocked down the euro Monday, as other countries in the euro zone are threatened with being dragged into the Greek morass.

The IMF could withhold its portion of June’s 12 billion euros payment unless Athens can prove it can meet all its financing requirements for the next 12 months.

“It’s high noon again in Europe and the gun is to Greece’s head,” Jan Randolph, Director of Sovereign Risk, IHS Global Insight, told CNBC.com. “The single biggest issue is: Are they going to get the funding?”


Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives

Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives
By Kana Nishizawa - May 30, 2011 7:10 AM ET

Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.

“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”


Who cares in the Middle East what Obama says?

Who cares in the Middle East what Obama says?

President Obama has shown himself to be weak in his dealings with the Middle East, says Robert Fisk, and the Arab world is turning its back with contempt. Its future will be shaped without American influence

This month, in the Middle East, has seen the unmaking of the President of the United States. More than that, it has witnessed the lowest prestige of America in the region since Roosevelt met King Abdul Aziz on the USS Quincy in the Great Bitter Lake in 1945.

While Barack Obama and Benjamin Netanyahu played out their farce in Washington – Obama grovelling as usual – the Arabs got on with the serious business of changing their world, demonstrating and fighting and dying for freedoms they have never possessed. Obama waffled on about change in the Middle East – and about America's new role in the region. It was pathetic. "What is this 'role' thing?" an Egyptian friend asked me at the weekend. "Do they still believe we care about what they think?"

And it is true. Obama's failure to support the Arab revolutions until they were all but over lost the US most of its surviving credit in the region. Obama was silent on the overthrow of Ben Ali, only joined in the chorus of contempt for Mubarak two days before his flight, condemned the Syrian regime – which has killed more of its people than any other dynasty in this Arab "spring", save for the frightful Gaddafi – but makes it clear that he would be happy to see Assad survive, waves his puny fist at puny Bahrain's cruelty and remains absolutely, stunningly silent over Saudi Arabia. And he goes on his knees before Israel. Is it any wonder, then, that Arabs are turning their backs on America, not out of fury or anger, nor with threats or violence, but with contempt? It is the Arabs and their fellow Muslims of the Middle East who are themselves now making the decisions.


Monday, May 16, 2011

Why Don't We Hear About Soros' Ties to Over 30 Major News Organizations?

Why Don't We Hear About Soros' Ties to Over 30 Major News Organizations?
By Dan Gainor
Published May 11, 2011
| FoxNews.com

When liberal investor George Soros gave $1.8 million to National Public Radio , it became part of the firestorm of controversy that jeopardized NPR’s federal funding. But that gift only hints at the widespread influence the controversial billionaire has on the mainstream media. Soros, who spent $27 million trying to defeat President Bush in 2004, has ties to more than 30 mainstream news outlets – including The New York Times, Washington Post, the Associated Press, NBC and ABC.

Prominent journalists like ABC’s Christiane Amanpour and former Washington Post editor and now Vice President Len Downie serve on boards of operations that take Soros cash. This despite the Society of Professional Journalists' ethical code stating: “avoid all conflicts real or perceived.”

Read more: http://www.foxnews.com/opinion/2011/05/11/dont-hear-george-soros-ties-30-major-news-organizations/#ixzz1MVUzFhLJ

Police: IMF head picked out of lineup in sex case

Police: IMF head picked out of lineup in sex case

By COLLEEN LONG and ANGELA CHARLTON, Associated Press – Sun May 15, 6:10 pm ET

NEW YORK – Dominique Strauss-Kahn's reputation with women earned him the nickname "the great seducer," and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency. All that changed with charges that he sexually assaulted a maid in his hotel room, a case that generated shock and revulsion, especially in his home country.

Police said the maid picked Strauss-Kahn out of a lineup. Unless the charges are quickly dropped, they could destroy his chances in a presidential race that is just starting to heat up.