Fifth night of violent riots in Stockholm saw schools destroyed
Over 70 incidents reported overnight including a torched police station
Turmoil began Sunday night after police shot a man in Husby suburb
Incidents in other parts of Sweden spark fear riots are spreading
It is supposed to be the model multicultural state. But Sweden is facing problems of its own after gangs of immigrants spent a fifth consecutive night rioting in Stockholm.
Officers are battling [...]
Ireland is on the verge of securing revenue from oil that could run into billions of pounds.
Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.
Providence chief executive Tony O’Reilly Jr said this was the beginning of an Irish oil industry.
He described it as a huge success story, following decades of exploration around the Irish [...]
Here are two people you won’t find touring a General Motors plant during the political season this fall: Barack Obama and Mitt Romney.
GM, saved by federal loans a few years ago, desperately wants to avoid becoming the centerpiece of campaign rhetoric. So it has banned candidates from its plants at least until after Election Day, Nov. 6, despite the fact that the U.S. Treasury remains its largest shareholder.
The Detroit car [...]
Last week the House passed yet another bill placing sanctions on Iran and Syria, bringing us closer to another war in the Middle East. We are told that ever harsher sanctions finally will force the targeted nations to bend to our will. Yet the ineffectiveness of previous sanctions teaches us nothing; in truth sanctions lead to war more than they prevent war.
Until last year, Libyan sanctions were touted as a [...]
From The New American:
When pressed for a “success story” of their policies, Keynesians point with pride to World War II. They claim that it is the perfect illustration of the ability of massive government spending to lift an economy out of the doldrums.
In the effort to battle this myth, Steve Horwitz and Michael J. McPhillips offer an interesting new article that analyzes diaries, newspapers, and other primary source documents from [...]
At first blush, the breakup of the Taliban may seem like a success story of the War in Afghanistan.
In reality, it’s a headache that has led to assassinations, killings, and a breakdown of the peace talks that are Afghanistan’s only hopes for peace.
The radical cells are killing Taliban members for even talking with the U.S.
Kathy Gannon at the Associated Press reports how the splintering of the Taliban remnant means that the [...]
Hard graft, charm and persistence are the secrets to career success, a poll of business high-flyers has revealed.
A study of 500 CEOs, managers and business people earning more than £70k a year also found ‘luck’ is as an vital ingredient as ‘fate’ and ‘good timing’.
Other attributes which help build success include warmth, intelligence and sense of humour, whilst intriguingly, just two per cent of those polled described themselves as ‘ruthless’ [...]
GM, on the other hand, still owes more than half the $50 billion in federal funds it received when the combination of the recession and its costly union contracts drove it into bankruptcy. And its lending arm, GMAC (now Ally Financial), still owes $14.5 billion.
What’s worse, it’s not clear that GM actually repaid what it’s gotten credit for repaying. Check out this note buried in the inspector’s report: “As part [...]
April 16, 2012
Anyone who follows the TSA blog, run by “Bob”, will know that from time to time the agency attempts to offset the ballooning negative public opinion directed towards it, and the openly criminal behaviour of its employees, by bragging about “dangerous” items that it has discovered and confiscated from the luggage and persons of those traveling through the nation’s airports.
Another of these pathetic bragging blogs appeared this [...]
Cue the fireworks in 3…2…1…
FRIEDEN EUROPEANS CAN’T DO MUCH FOR GREECE BEYOND AGREEMENT – BBG
FRIEDEN: GREECE NEEDS STRUCTURAL REFORMS, SHORT-TERM FINANCING – BBG
FRIEDEN: GREECE HAS HISTORY OF PROBLEMS IMPLEMENTING DECISIONS – BBG
FRIEDEN: GREECE SHOULDN’T BE IN EURO-ZONE IF CONDITIONS NOT MET – BBG
And… drumroll please:
FRIEDEN SAYS HE WISHES U.S. MORE INVOLVED IN STRENGTHENING IMF - BBG
Translation: Hey America, we’ve done all we can, now it’s your turn to sustain the [...]
It was innovative American frack production enhancement procedures that ignited the shale bonanza. But the race is now on for the next generation super-fracking techniques able to release further huge quantities of oil and gas at an even more commercially viable cost………
Shale gas‚’ contribution to the U.S. GDP in 2010 was over $76.9 billion. By 2015 it is projected to be $111.2 billion, by 2035, $231 billion. According to BP‚‘s [...]
by Calculated Risk
Not much of a “happy new year” in Europe …
From the Financial Times: Europe’s leaders warn of tough 2012
… Nicolas Sarkozy, president of France, said the gravest crisis Europe has faced since the second world war “is not over” and Angela Merkel, German chancellor, told German voters “next year will no doubt be more difficult than 2011”.
excerpt with permission
More quotes from Reuters: EU Officials Begin New Year With Calls to Save the Euro
North American Nations are attempting to adopt new laws that give them full control over the internet, where they can block any website, any time, from anywhere in the world, like NGO websites. This link shows one success story, mostly farmers give in as they go bankrupt from legal fees… Sounds like you will be facing much worse than this if that Bill passes.
This link is from Canada,
Here is a [...]
In an attempt to create a “solar scandal” that will be “even bigger than Solyndra,” Fox News is claiming that SunPower, which recently received a federal loan guarantee, is a “failing company” that is creating jobs “not in America, but in Mexico.” In fact, industry experts see SunPower as “a success story” and the loan guarantee supports the construction of a power plant in [...]
Statement by the Apple board:
We are deeply saddened to announce that Steve Jobs passed away today.
Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve.
His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his [...]