A No Fly Zone without any personal deployment?! This I call innovative
Turkey and its allies, including USA, discuss possibility of using patriot missiles to protect Syrian people, Turkish official says
Turkey to make ‘imminent’ official request to NATO to put patriot missiles along border with Syria, senior Turkish official says -
Turkey seeks NATO deployment of Patriot missiles on Syria border
Turkey will make an official request to its NATO partners to deploy [...]
Israel is preparing for Iran to become a nuclear power and has accepted it may happen within a year, the London Times reported on Monday citing an Israeli security report.
The Institute for National Security Studies (INSS) think-tank prepared scenarios for the day after an Iranian nuclear weapons test at the request of former Israeli ambassadors, intelligence officials and ex-military chiefs, the paper reported.
Israel has so far maintained it will do all within [...]
The Obama administration will unveil a “more realistic” vision for the military on Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said on Wednesday.
The strategic review of U.S. security interests will also emphasize an American presence in Asia, with less attention overall to Europe, Africa and Latin [...]
Cars will be banned from London and all other cities across Europe under a draconian EU masterplan to cut CO2 emissions by 60 per cent over the next 40 years.
The European Commission on Monday unveiled a “single European transport area” aimed at enforcing “a profound shift in transport patterns for passengers” by 2050.
The plan also [...]
By BARRY EICHENGREEN, WSJ
The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.
Instead, it’s the extent to which the market remains dollar-centric.
Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. [...]