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16 Aug 11 North Korea warns of 'all-out war' as US and South begin military exercises Swiss Ponder Battle Over Runaway Franc Col Gaddafi fires scud missile at rebel territory as Nato braces itself for final violent showdown Australia carbon tax protest targets Julia Gillard Obama promises 'very specific' plan for US economy Eurozone bank buys record €22bn in bonds to contain euro crisis ATF promotes supervisors in controversial gun operation Big Storms Slipping Toward Earth’s Poles EUROPE ‘ON COURSE TO BECOME ONE COUNTRY’ ‘US Withdrawal from Iraq to Help Iran Pulverize Israel’ U.S. Senator seeks to cut aid to elite IDF units operating in West Bank and Gaza Police Let Flash Mob Rob 7-11 Moody’s Lowers Economic Growth Outlook Weather Warning: Searing Heat Wave May Hit East Coast in Late August, Scientists Predict Merkel, Sarkozy take on debt crisis amid slowdown
The two allies have described the 10-day Ulchi Freedom Guardian exercise as defensive and routine but the North habitually terms such joint drills a rehearsal for invasion and launches its own counter-exercises. "The exercise started this morning," a spokesman of the US-South Korea Combined Forces Command (CFC) told AFP, referring to the annual computer-assisted simulation command-post exercise.
Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank Vice President Thomas Jordan said the central bank is assessing “a whole range of options” to prevent the franc, which reached a record against the euro this month, from making Swiss goods prohibitively expensive.
The rebels were attempting to identify the trajectory of the missile which was fired from Col Gaddafi's stronghold of Sirte even as his envoys headed for new talks with the opposition and a United Nations special envoy in Tunisia. Despite rumours that he is preparing to flee, the opposition fear Col Gaddafi is preparing a desperate last stand in Tripoli and towns still loyal to him in the face of recent rebel advances on two fronts which has cut off his crucial supply routes.
Thousands of people gathered in the Australian capital, Canberra, to protest against a planned carbon tax aimed at curbing greenhouse emissions. It is the centrepiece of Prime Minister Julia Gillard's environmental strategy, despite her ruling out its introduction during last year's election campaign. A year on from that pledge, conservative opponents, who opposed the measure, are calling for new elections.
US President Barack Obama has promised a "very specific" plan next month to improve the flagging US economy. In Iowa on day one of a rural Midwest bus tour, he said he would put forward the blueprint when Congress returned in September. As President Obama spoke, his would-be 2012 Republican challengers blamed him for the flagging American economy.
The European Central Bank last week spent a record €22bn buying euro-zone government bonds in a bid to prevent the eurozone debt crisis spreading, a move that is likely to fuel debate on the creation of eurobonds. The buying spree represented the most the central bank has spent since it first began bond-buying in May last year in response to the Greek debt crisis.
All three have been heavily criticized for pushing the program forward even as it became apparent that it was out of control. At least 2,000 guns were lost and many turned up at crime scenes in Mexico and two at the killing of a U.S. Border Patrol agent in Arizona.
Many climate models have predicted that the positions of these storm tracks would slowly migrate toward the poles, but so far this trend had not been detected. However, analysis of 25 years worth of data from the International Satellite Cloud Climatology Project now indicates that this shift is probably already taking place.
DAVID Cameron was under mounting pressure last night to hold a referendum on EU membership amid claims that the Coalition is paving the way for full eurozone financial integration.
A total American pullout from Iraq will provide a “land bridge” for a Shi’ite Muslim Crescent – headed by Iran and Hizbullah – to “pulverize” Israel. a Hizbullah general says.
U.S. Senator Patrick Leahy is promoting a bill to suspend U.S. assistance to three elite Israel Defense Forces units, alleging they are involved in human rights violations in the West Bank and Gaza Strip.
Police Let Flash Mob Loot 7-11 A 7-11 in Montgomery County, Maryland was hit by a flash mob on August 13, 2011. The clerk activated a silent alarm, but police waited until the mob left the store before responding.
Moody’s Analytics said its near-term outlook for the U.S. economy has fallen significantly in the past month wake of the debate over the U.S. debt ceiling and the downgrade of the nation’s credit ratings by Standard & Poor’s .
"EarthRisk is not in the business of forecasting so I would certainly never say a heat wave is coming,” Bennett conceded. “That said, there is no question that some patterns are lining up that signal a higher probability for heat in the late August time frame.”
A slowdown in European economic growth is overshadowing a meeting Tuesday between the leaders of Germany and France aimed at getting the eurozone's 17 countries to work closer together to dig Europe out of its debt crisis.
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