A full-scale U.S. invasion of Iran could cost the global economy $1.7 trillion, according to the Federation of American Scientists, a nonpartisan think tank which released a report on Friday detailing the estimated costs of different approaches, including military strikes, to solving the Iranian nuclear issue. A “bombing campaign” could cost $1.2 trillion. If the U.S. decided to go about striking Iran’s nuclear sites “surgically,” it’d still cost the global [...]
Dozens of Israelis crowded in front of a storefront at a Jerusalem shopping mall yesterday to pick up new gas masks, part of civil defense preparations in case the military strikes Iran and the Islamic Republic or its allies retaliate.
“Our leaders seem to have gotten very hawkish in their speeches and this time it seems they mean what they say,” said Yoram Lands, 68, a professor of business administration, who was picking [...]
Defense Secretary Leon Panetta heads today to the Middle East where tensions are rising over the democratic transition in Egypt, turmoil in Syria and Iran’s suspected advances toward nuclear weapons.
His trip to Tunisia, Egypt, Israel and Jordan has a security agenda, including new concerns about Syrian chemical weapons, along with election-season political stakes. Panetta is scheduled to arrive in Israel on the heels of a visit by Republican presidential candidate Mitt Romney, who has appealed to Jewish voters by attacking [...]
Channel 2′s veteran Middle East analyst Ehud Yaari, who is back from a trip to the U.S., said Friday night that an Israeli attack on Iran can be expected in October.
“I will give you an impression,” he told anchorman Danny Kushmaro on Channel 2 TV’s Ulpan Shishi, “and this is just an impression, but it is a strong impression, after conversations with the people one needs to talk with about [...]
Italian and Spanish bond yields
Please notice the graphs and yields for 10 year bonds in Italy (currently at 6.04%) and Spain (currently at 6.44%). The bailout rally did not last and bond yields are turning higher.
Spanish Yields Surge As Bank Bailout Stokes Sovereign Debt Fears
Infosys Skirts Italy, Spain Software Deals on Euro Crisis
ECB Financing to Portuguese Banks Increased to Record in May
Puerto Rico Borrowing Costs Rise on Rating Concern: Muni Credit
Spain told it will [...]
The United States Congress is set to vote on legislation that authorizes the official start of World War 3.
The legislation authorizes the President of the United States to take unilateral military action against all nations, organizations, and persons, both domestically and abroad, who are alleged to be currently or who have in the past supported or engaged in hostilities or who have provided aid in support of hostilities against the [...]
AFP - Iran declared on Monday it will not be swayed from its nuclear “path” by sanctions, a week before talks with world powers that are increasingly seen as a last chance for diplomacy in its showdown with the West.
“The sanctions may have caused us small problems but we will continue our path,” Foreign Minister Ali Akbar Salehi vowed in an interview with the official Islamic Republic News Agency (IRNA).
“We do [...]
February 16, 2012
As Syria spirals toward a full-blown civil war that could engulf the Middle East, al Qaeda is making a push to claim a role in the 11-month uprising against Syrian President Bashar al-Assad’s regime. In a new video, Ayman al-Zawahiri, leader of the terrorist network, is calling on Muslims to support Syrian rebels in their quest to topple Assad’s “pernicious, cancerous regime.” The Syrian government has repeatedly [...]
Drones like this one could very well be hovering over New York City soon. (Photo courtesy: Miami-Dade Police Special Response Team)
NEW YORK (CBSNewYork) — They’re used in war zones for surveillance and military strikes.
But are there plans to deploy drones in the Big Apple to keep an eye on New Yorkers?
More and more people believe it’s inevitable, reports CBS 2’s Don Dahler.
Drones are unmanned aircraft that can fly at low altitudes [...]
Dr. Adam B. Lowther
January 09, 2012
Iran would likely be a far more formidable adversary than any the United States has faced in decades. The U.S. should be very wary about launching military strikes.
With U.S. President Barack Obama and Defense Secretary Leon Panetta announcing that major cuts are coming to the Defense Department, hawks seeking to stop nuclear weapons development by Iran by any means necessary will soon have less [...]
(Reuters) – The U.N. nuclear watchdog is expected this week to issue its most detailed report yet on research in Iran seen as geared to developing atomic bombs, heightening international suspicions of Tehran’s agenda and stoking Middle East tensions.
Western powers are likely to seize on the International Atomic Energy Agency document, which has been preceded by media speculation in Israel of military strikes against Iranian nuclear sites, to press for more [...]
Iran’s Revolutionary Guards tested 14 missiles on Tuesday, the second day of war games intended a show of strength to the Islamic Republic’s enemies in Israel and Washington.
The Iranian-made surface-to-surface missiles, with a maximum range of 2,000 km (1,250 miles), were fired simultaneously at a single target, the official IRNA news agency reported.
The head of the Revolutionary Guards’ aerospace division emphasized Iran’s preparedness to [...]
Senior western leaders called for Nato to adopt an assassination policy against Col Muammar Gaddafi to salvage the bombing campaign in Libya from a descent into stalemate.
Senator John McCain, who visited Libya at the weekend, said that Gaddafi should be targeted but argued that it was more important to increase US firepower over Libya Photo: REUTERS
The calls came as Col Gaddafi was reported to have strengthened his grip [...]
A leading US senator said Tuesday that he worried embattled Libyan leader Moamer Kadhafi could support terrorist strikes against Western targets in the “dubious” event that he stays in power.
“As long as he’s in power, I’d be concerned that he would support acts of terror. That’s why it’s important to get him out of there,” said Senate Armed Services Committee Chairman Carl Levin, a [...]
Michael Moore tweets that President Obama should return his Nobel Peace Prize after he approved military strikes on Libya.
RIO DE JANEIRO – President Barack Obama played grand tourist to Rio de Janeiro’s vivid extremes on Sunday, motorcading from brilliant beaches to a notorious slum even as he monitored U.S. military strikes in faraway Libya.
With his whole family in tow on the second day of a Latin American tour meant to knit economic and cultural ties, the president visited the City of God shantytown [...]
U.N. backs no-fly zone, strikes in Libya
“SAN FRANCISCO (MarketWatch) — The United Nations Security Council voted 10 to 0 supporting the use of “all necessary measures” including the use of a no-fly zone to protect civilians and rebel forces in Libya from forces loyal to Col. Moammar Gadhafi. Russia and China, which held veto powers, abstained from the vote, along with three other council members. [...]