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Europe Can’t Afford to Bailout Spain

November 25th, 2010

Via: New York Times:

Europe so far has survived the bailout of Greece. The financial rescue of Ireland also is manageable. Even if Portugal becomes the third country to succumb and seek aid, as many people widely predict, it is unlikely to push Europe to the financial brink.

But any bailout of Spain — with an economy twice the size of the other three combined — could severely stress the ability of Europe’s stronger countries to help the financially weaker ones, and spell deep trouble for the euro, Europe’s common currency. Even though Spain, like Ireland, has adopted an austerity plan to help it avoid the need for a bailout, it still could need aid if its banking system proves frailer than the government thinks it is, as was the case in Ireland.

This troubling possibility has unnerved lenders, with Spain’s borrowing costs rising even though Madrid has cut its deficit and the country’s banks maintain they have sufficient strength to absorb their bad real estate loans. “Europe can afford the collapse of Ireland, even perhaps that of Portugal, but not that of Spain, so Spain’s ultimate line of defense is in fact this knowledge that it’s too big to fail and that it represents a systemic risk for the euro,” said Pablo Vázquez, an economist at the Fundación de Estudios de Economía Aplicada, a research institute here.


Upcoming WikiLeaks Release Could Damage International Relations Between U.S. and Allies

November 25th, 2010

Via: CBC:

The U.S. government has notified Ottawa that the WikiLeaks website is preparing to release sensitive U.S. diplomatic files that could damage U.S. relations with allies around the world.

U.S. officials say the documents may contain accounts of compromising conversations with political dissidents and friendly politicians and could result in the expulsion of U.S. diplomats from foreign postings.

A State Department spokesman said Wednesday the release of confidential communications about foreign governments probably will erode trust in the United States as a diplomatic partner.

U.S. diplomatic outposts around the world have begun notifying other governments that WikiLeaks may release the documents in the next few days.


Director of Operations for BP’s Gulf of Mexico Oil Spill Recovery Efforts and Former Texas Solicitor General Die in Plane Crash

November 25th, 2010

Via: AP:

An executive helping to guide BP’s recovery from the Gulf of Mexico oil spill, a top Texas lawyer and his mother-in-law were killed in a small plane crash in waters off northern Florida, officials said Wednesday.

James Patrick Black, 58, died about a mile from the Destin airport in the Florida Panhandle on Tuesday night, said BP spokeswoman Hejdi Feick. Those who knew them said the three were bound for a Thanksgiving holiday gathering in Florida.

Black was director of operations for BP’s Gulf Coast Restoration Organization and had a key role guiding the business unit created after April’s Deepwater Horizon rig fire and explosion and monthslong spill that spewed at least 200 millions of crude oil from a blown-out BP well.

Investigators also said former Texas solicitor general, 47-year-old Gregory Scott Coleman, and his mother-in-law, Charlene Black Miller, 63, died when the Piper Malibu that Coleman was piloting from Texas via New Orleans went down in limited visibility while approaching the airport.

Black had worked for BP for 34 years, Feick said in a statement.

“BP extends its heartfelt sorrow to the family of our friend and colleague, Jim Black,” Lamar McKay, chairman and president of BP America Inc., said in an e-mail statement.

“Jim was a devoted member of our Gulf Coast spill response team,” the statement added. “He will be missed by all who knew him and worked with him.”

Coleman was a prominent lawyer and Texas’ top appellate lawyer as the state’s first solicitor general, appointed in 1999.

Coleman’s career included clerking for U.S. Supreme Court Justice Clarence Thomas and he later went on to argue several cases before the U.S. Supreme Court including two within a week of each other in 2009, according to Christian J. Ward, a partner in the Yetter Coleman firm where Coleman had joined about 3 1/2 years ago.


South Korea: New Rules of Engagement Allow Much Stronger Retaliation Against North Korea

November 25th, 2010

Via: BBC:

The government also said it was changing its rules of engagement to allow it to respond more forcefully to similar incidents. The old rules have been criticised as too passive.

The BBC’s Chris Hogg in Seoul says the cabinet had decided that under the old rules of engagement there was too much emphasis on preventing a military incident escalating into something worse.

In future, the South would implement different levels of response, depending on whether the North attacked military or civilian targets, a presidential spokesman said.

A senior government official told the BBC that Seoul wanted to be more flexible in order to keep the North Koreans guessing as to their response.

The South Korean broadcaster, KBS, said the new rules called for the South to fire back “with shots two to three times more powerful than the enemy artillery”.


India to Deploy 36,000 Extra Troops on Chinese Border

November 25th, 2010

Via: BBC:

India has formed two new army divisions – comprising more than 36,000 men – to defend the north-eastern state of Arunachal Pradesh.

The remote north-eastern state adjoins China which claims large parts of it.

The 56th Division will be based in the nearby state of Nagaland to guard the eastern flank of Arunachal Pradesh from Chinese attack through Burma.

The other new formation, the 71st Division, will be based in Assam to protect central Arunachal Pradesh.

There has been no response so far from China to the decision.

Officials say they were formed at the behest of the Indian army chief, General VK Singh – who said they were necessary to beef up defences against China.

Gen Singh was not available for comment but one of his staff officers, on condition of anonymity, told the BBC that the army chief had “pushed very hard to fast-track the raising of the two divisions”.

He said that they should be “fully operational” by March 2011.

He said their formation was India’s response to the “huge Chinese build-up” in Tibet over the last three to four years. But he did not wish to elaborate.


Evidence of Iranian Nuclear Weapons Program May Be Fraudulent

November 25th, 2010

Via: TruthOut:

Since 2007, the International Atomic Energy Agency (IAEA) – with the support of the United States, Israel and European allies UK, France and Germany – has been demanding that Iran explain a set of purported internal documents portraying a covert Iranian military program of research and development of nuclear weapons. The “laptop documents,” supposedly obtained from a stolen Iranian computer by an unknown source and given to US intelligence in 2004, include a series of drawings of a missile re-entry vehicle that appears to be an effort to accommodate a nuclear weapon, as well as reports on high explosives testing for what appeared to be a detonator for a nuclear weapon.

In one report after another, the IAEA has suggested that Iran has failed to cooperate with its inquiry into that alleged research, and that the agency, therefore, cannot verify that it has not diverted nuclear material to military purposes.

That issue remains central to US policy toward Iran. The Obama administration says there can be no diplomatic negotiations with Iran unless Iran satisfies the IAEA fully in regard to the allegations derived from the documents that it had covert nuclear weapons program.

That position is based on the premise that the intelligence documents that Iran has been asked to explain are genuine. The evidence now available, however, indicates that they are fabrications.

The drawings of the Iranian missile warhead that were said by the IAEA to show an intent to accommodate a nuclear weapon actually depict a missile design that Iran is now known to have already abandoned in favor of an improved model by the time the technical drawings were allegedly made. And one of the major components of the purported Iranian military research program allegedly included a project labeled with a number that turns out to have been assigned by Iran’s civilian nuclear authority years before the covert program is said to have been initiated.

The origin of the laptop documents may never be proven conclusively, but the accumulated evidence points to Israel as the source. As early as 1995, the head of the Israel Defense Forces’ military intelligence research and assessment division, Yaakov Amidror, tried unsuccessfully to persuade his American counterparts that Iran was planning to “go nuclear.” By 2003-2004, Mossad’s reporting on the Iranian nuclear program was viewed by high-ranking CIA officials as an effort to pressure the Bush administration into considering military action against Iran’s nuclear sites, according to Israeli sources cited by a pro-Israeli news service.

In the summer of 2003, Israel’s international intelligence agency, Mossad, had established an aggressive program aimed at exerting influence on the Iran nuclear issue by leaking alleged intelligence to governments and the news media, as Israeli officials acknowledged to journalists Douglas Frantz and Catherine Collins. According to the book, “The Nuclear Jihadist,” as part of the program, Mossad sometimes passed on purported Iranian documents supposedly obtained by Israeli spies inside Iran.

German sources have suggested that the intelligence documents were conveyed to the US government, directly or indirectly, by a group that had been collaborating closely with Mossad.


Michael Brea Allegedly Killed Mother with Freemason Sword

November 25th, 2010

Update/Unconfirmed: Victim Had Worked at Marriott Hotel That Was Destroyed on 9/11?

Ofgoatsandmen sent this one over. I’m not able to confirm this. We have to be very careful when considering information from the Daily Mail.

Via: Daily Mail:

Brea’s mother had apparently worked at the Marriott at the World TradeCenter.

But the slain woman did not work again after the hotel was destroyed in the September 11 terrorist attacks neighbours said.

I found this on CNN:

Yannick Brea had worked as housekeeper at a Marriott Hotel in Manhattan, New York.

“We were shocked and saddened to learn of the untimely death of our housekeeping associate, Ms. Yannick Brea,” said Kathleen Duffy, spokesperson for NYC Marriott Hotels. “Our heartfelt sympathy goes out to Ms. Brea’s family and friends,” she said.

Anyway, I don’t know what to make of it. If anyone can point me to any better quality information that places her at the scene on 9/11, please send it over.

—End Update—

[???]

Via: Washington Post:

More details surrounding the slaying of 55-year-old Yannick Brea are leaking out. Her son, actor Michael Brea, has been accused of the crime.

Despite initial reports that Brea’s mother had been decapitated with a samurai sword, the New York Daily News is now reporting that the weapon was actually a ceremonial Masonic sword that the actor allegedly took after a Monday night meeting of Freemasons.

“Something happened that made him do it,” Brea’s uncle told the New York Daily News. “The devil entered him.”

A police source also told the paper that Brea said he saw the devil in his mother and accused her of never accepting Jesus. As he was being led away by police, Brea allegedly yelled, “The greatest architect in the universe!” — a term sometimes used by Masons to represent a supreme being.

TMZ adds that Brea had to be subdued with a Taser before he was taken to a hospital for psychiatric evaluation. He will reportedly be turned over to the NYPD once that evaluation is complete.

Research Credit: KS


Jury Finds Tom DeLay Guilty On All Counts

November 25th, 2010

Via: Raw Story:

Former U.S. House Majority Leader Tom DeLay — once one of the most powerful and feared Republicans in Congress — was convicted Wednesday on charges he illegally funneled corporate money to Texas candidates in 2002.

Jurors deliberated for 19 hours before returning guilty verdicts against DeLay on charges of money laundering and conspiracy to commit money laundering. He faces up to life in prison on the money laundering charge.

Research Credit: Eileen


Former Obama Aide Arrested in Maryland on a Charge of Soliciting Sex from a Minor

November 25th, 2010

Via: NBC:

A New Jersey congressman has fired his chief of staff — a former Obama aide — after the aide was arrested in Maryland on a charge of soliciting sex from a minor.

Democratic Rep. Steve Rothman took the action after learning that top aide Robert Decheine was among 11 people snared in a Gaithersburg, Md., police sting. Police placed ads on a website and an undercover officer communicated with customers through phone and text messages.


Russia, China Pledge Bigger Role for Yuan, Ruble

November 24th, 2010

Via: AFP:

Prime Minister Vladimir Putin said on Tuesday the Chinese yuan would soon start trading in Russia as the countries seek to challenge the dollar and promote the use of national currencies.

“We agreed to expand the possibilities for application of national currencies during trade and economic contacts,” Putin said after talks with Chinese Premier Wen Jiabao in the former Imperial capital Saint Petersburg.

“Now the ruble started trading on the exchange in China and the yuan trade will begin in Moscow in early December,” Putin said, hailing the move as a “serious step” on the path to strengthening economic ties.

On Monday, China conducted the first yuan trade with the Russian ruble in order “to promote the bilateral trade between China and Russia” and to reduce the conversion cost among other tasks, said a statement posted on the website of the China Foreign Exchange Trade System.

Both China and Russia, which both seek to promote their national currencies worldwide, have called for a revamp of the global financial system in the wake of the global economic crisis, saying there is a need for a new supra-national currency besides the dollar.

Total trade between Russia and China is estimated to top 50 billion dollars at the end of the year, the Russian government said. Much of that trade is currently handled with US dollars rather than Chinese yuan or Russian rubles.


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