ITALY SELLS ZERO-COUPON 2015 BOND AT 2.403% VS 1.113% MAY 28. To the Spanish pension fund?
Letta Says Euro Crisis Not Over, refuting Hollande. Europe can’t even agree if crisis is over or not
Greek current account EUR -1.2 bn, vs EUR -0.9 bn year ago
Mediobanca warns clients: Italy bailout could be ‘inevitable’ in the next 6 months
“Time Is Running Out Fast” For Italy
Draghi pushes Greek FX swaps [...]
Most Americans assume that the U.S. military is so vastly superior to everyone else that no other nation would ever dream of fighting a full-scale war against us. Unfortunately, that assumption is dead wrong. In recent years, the once mammoth technological gap between the U.S. military and the Chinese military has been closing at a frightening pace. China has been accomplishing this by brazenly stealing our technology and hacking into [...]
Confidential report lists U.S. weapons system designs compromised by Chinese cyberspies
Designs for many of the nation’s most sensitive advanced weapons systems have been compromised by Chinese hackers, according to a report prepared for the Pentagon and to officials from government and the defense industry.
Among more than two dozen major weapons systems whose designs were breached were programs critical to U.S. missile defenses and combat aircraft and ships, according to a [...]
Much digital ink has been spilled about the oil and gas boom in the US, the result of ever improving fracking technologies, and whether or not it will lead to energy independence, or even turn the US into an oil exporter. Now a “confidential” report by the German version of the CIA, the Bundesnachrichtendienst (BND), seeped to the surface. It sketched out the boom’s geopolitical consequences. Biggest loser? China.
BND reports [...]
Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly offshore, namely New York, London and Paris, at least according to official documents. It also called for repatriation of 150 tons in the next three years to perform a quality inspection of the tungsten gold. Today, in a [...]