Month: December 2016

Mayday! Post-Brexit Britain Courts Gulf Despots

With Britain’s post-Brexit economic outlook uncertain, Prime Minister Theresa May was doing her best this week to drum up trade prospects in the Persian Gulf. But her assiduous courting of the monarchs and emirs in what is perhaps the most despotic region in the world spells, ironically, a Mayday distress signal for an intensification of…

British And German Scientists Prove There Is Life After Death

British and German scientists have confirmed there is some form of life after death. The astonishing conclusion is based on the results of two separate European studies using a new type of medically supervised near-death experience that allows patients to be “clinically dead” for almost 20 minutes before being brought back to life. In the British study – a…

Make No Mistake: Russia Remains the Only Target Country of NATO’s Nuclear Weapons

Britain, China, France, Russia and the United States are the world’s five «nuclear weapons states», a description officially recognised in the Nuclear Non-Proliferation Treaty (NPT), which lays down that «each nuclear-weapon State Party to the Treaty undertakes not to transfer to any recipient whatsoever nuclear weapons or other nuclear explosive devices…» Source: Strategic Culture Foundation…

Great Timing Award: Wolfgang Schäuble Says “Greece Must Reform Or Leave Eurozone”

On the same day Matteo Renzi suffered a crushing defeat at the hands of alleged “populists” in Italy, German finance minister Wolfgang Schäuble ruled out debt relief for Greece ahead of a eurozone finance minister meeting.  Schäuble says Greece Must Reform or Leave Eurozone. Greece must implement economic reforms if it is to keep its…

US Congress: Doing Its Best to Prevent Positive Changes in Foreign Policy

The US Senate voted unanimously on December 1 to extend the president’s authority to impose sanctions on Iran for another decade. Despite the fact that many restrictive measures have been suspended since the deal came into force, the vote would ensure that Washington can quickly snap back the sanctions if Iran violates its obligations under the agreement. Other parties…

Fitch On China: ‘Banks Face Capital Pressures and Structural Risks’

Fitch Ratings' outlook for the Chinese banking sector in 2017 is negative, reflecting our view that weak profitability and strong credit growth will keep capitalisation under pressure. High and rising leverage in the corporate sector remains a key risk facing China's banks. China's debt-resolution timeline is being pushed back by measures to lessen the debt…