Sovereign funds fly out dollar deposits

In reaction to growing US dollar weaknes, some sovereign wealth funds decided to reduce their exposure to that currency. According to the following FT article "Behind the scenes, fund officials are questioning the credibility of the Federal Reserve and US Treasury in...

Barclays 'to get cash infusion from major Japanese bank'

The UK banking sector certainly appears to have been stuck with a lot of sub-prime debt problems."Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact...

China Sovereign Wealth Fund Could Buy Every US Company

"Lenin said that capitalists would sell the ropes that he'd use to hang them. Well, the communist Chinese are ready for a buying spree. Currently, those funds have about US $2 trillion in them. They're expected to have about US $17 trillion by 2010 - enough to buy every...

Doh! Bank of Homer fools idiots

" SHOPKEEPERS, bar staff and pensioners are being urged to check £20 notes after consumer watchdogs seized hundreds of fakes featuring film characters and football stars instead of the Queen. Despite either Homer Simpson or a Alan Shearer standing in for the Sovereign,...

ADB’s Forceful Behavior Objectionable:Severn Trent not Preferred by the Nep...

     The Asian Development Bank has given Nepal a direct threat that it would reconsider its future loans to the nation if the Severn Trent, a private water company of England, is not given the responsibility of managing and distributing drinking water in...

UAE will not be used in any Iran strike -president

" DUBAI, March 27 (Reuters) - The United Arab Emirates, a key U.S. ally, said on Tuesday it would not be involved in any military strike on Iran, but urged the Islamic Republic to avoid regional tensions. "The UAE is an independent and sovereign state that rejects the use of...

Common Ground Common Sense-First Strike?! Sorry seems to be an empty word

"First Strike?!: Sorry seems to be an empty word About a year ago, two professors of political science wrote an article in Foreign Affairs called "The Rise of U.S. Nuclear Primacy" ( see http://www.foreignaffairs.org/20060301faes...ar-primacy.html ). The summary reads as...

Australia Day, Invasion Day or Aboriginal Sovereignty Day?

"JANUARY 9, 2007: On January 26 2006 Aboriginal Sovereignty Day was declared, when representatives of Aboriginal Sovereign Nations agreed, by consensus, on "Invasion Day" 2006, that the 26th of January would be known as Aboriginal Sovereignty Day. The gathering from across...

More Video Of Automated License Plate Recognition

"From a reader... They not only will be using these in Patrol cars but they will be mounted in major intersections on telephone polls and on overpasses completing the "Panopticon" (the prison without walls) around us. Technology has allowed for Big Brother and the Beast...

A sovereign Palestine? No chance

"Three young brothers, Salam, 4, Ahmed, 7, and Osama, 9, were gunned down outside their school on the morning of December 11. They had just arrived by car when they and the driver died in a wild spray of gunfire. Four other schoolboys who happened to be nearby were...