In this weekly video news update for July 9 - 15, 2012, JBS CEO Art Thompson discusses: the Communist takeover in 1994 in South Africa and the earlier socialist takeover of India; the increasing influence of BRICS, the new soviet bloc of nations (Brazil, Russia, India, China, and South Africa); how President Obama is portrayed as a partner in the Chinese press; how Detroit is trying to cope with population loss by creating farmland; and how central banks are playing an ever larger role in our lives.