Europe Braces for Spending Cuts

While the Greek debt crisis and subsequent decline of the euro continue to worry investors around the world, the people of Europe are preparing for severe austerity measures, and not just in the troubled south. With hundreds of billions of euros pledged to stabilize the common currency, European leaders are forced to make major cutbacks […]

Kandahar Awaits ISAF Offensive

The Taliban claimed responsibility on Sunday for a nighttime assault on NATO’s largest base in southern Afghanistan. In the second such an attack on a major ISAF installation in one week, insurgents launched rockets, mortar fire and automatic weapons while attempting to storm Kandahar Air Field. Foreign Secretary William Hague of the United Kingdom and […]

Trouble in Korea

With American secretary of state Hillary Clinton underway to the East Asia, a crisis is looming in the waters of the Yellow Sea where a South Korean corvette sunk last March, killing 46. South Koreans authorities have ascertained that a North Korean torpedo was responsible for the sinking. The North has denied any involvement, threatening […]

Dutch to Quit JSF?

The Labor Party in the Netherlands supported a parliamentary effort to end Dutch participation in the Joint Strike Fighter Program.

IMF Gaining in Power

Given the current economic problems of both Europe and the United States — well, the whole world really — the International Monetary Fund (IMF) is becoming more and more involved and gaining in power almost daily. As Rahm Emmanuel says, never let a crisis go to waste. It’s time we paid attention to organizations such […]

Saving the Euro

Bending the rules of euro management, European leaders and finance ministers agreed to an unprecedented effort to guarantee the stability of the eurozone with loans adding up to nearly $1 trillion (or €750 billion) this weekend. In spite of the multibillion euro rescue package previously pledged to Greece, investors continued to worry about the unsound […]

Russian Arms Sales to China Drying Up

Richard Weitz of the conservative Hudson Institute reports that increasingly China is relying on home industries to provide high tech weaponry rather than buying arms from Russia. Since 2001, Russia has sold over $16 billion worth of arms to China, accounting for nearly 40 percent of all major Russian arms sales. In recent years, however, […]

Conservatives Expected to Win UK Elections

David Cameron’s Conservative Party will fall just seventeen seats short of a parliamentary majority, according to a joint poll conducted by major British broadcasters. The Conservatives are set to win almost a hundred more seats than they gained in 2005, possibly up to 305. Labour would have 255 while the Liberal Democrats, in spite of […]