Representative Edward Markey (D.-Mass.) sent a letter to Treasury Secretary Timothy Geithner on July 30 asking the U.S. government to block the proposed acquisition of Canadian oil company Nexen by CNOOC, China’s state-owned oil company. Because Nexen holds leases for oil drilling in U.S. waters in the Gulf of Mexico, which represent about 10 percent of the firm’s assets, the proposed Chinese-Canadian merger is subject to U.S. approval.
What is certain is that an implosion in Europe's debt crisis is reaching the point of inevitability in much the same manner that the housing bubble came to a head and burst in the United States, but though no one knows when the debt crisis will come to a head, events are happening in September that may push the eurozone over a fiscal cliff.
The U.S. government poured more than $200 million into an Iraqi police training program that was never authorized by local authorities, according to a new government audit. The Police Development Program (PDP) was blueprinted as a five-year, multibillion-dollar effort to prepare Iraqi security forces for when U.S. troops evacuated last December.
As the U.S. Congress moves to grant Russia with permanent normal trade relations status, the Russian Federation continues its Cold War style naval expansion of ships and bases abroad and alliance with Syria.
The recent illegal ouster of Paraguay from Mercosur and the incorporation of Hugo Chavez's Venezuelan regime into the trade group is the latest in an ongoing and alarming string of victories throughout the hemisphere by the communist-socialist alliance known as the São Paulo Forum.
The Central Intelligence Agency’s involvement in drug trafficking is back in the media spotlight after a spokesman for the violence-plagued Mexican state of Chihuahua became the latest high-profile individual to accuse the CIA, which has been linked to narcotics trafficking for decades, of ongoing efforts to “manage the drug trade.” The infamous American spy agency refused to comment.
JBS CEO Art Thompson's video news update for July 23-29, 2012. In this weekly video news update for July 23-29, 2012, JBS CEO Art Thompson discusses: the Aurora Colorado movie shooting; and how U.S. Foreign Policy is inconsistent.
Survivors of gunfire from a U.S. Navy vessel that killed one and wounded three others on a fishing boat off the coast of the United Arab Emirates have disputed claims that the crew had ignored warnings to stay away from the American ship, Reuters reported.
A July 18 bombing in the Syrian capital of Damascus dealt the most powerful blow to the regime of Bashar al-Assad since the Western-backed armed uprising against his rule began more than a year ago. Syria’s Defense Minister, the dictator’s brother-in-law, and the chief of “crisis management” were killed in the attack, and other top officials were injured. Two separate groups — the establishment-backed opposition “Free Syrian Army” (FSA) and an Islamist terror group dubbed the “Lord of the Martyrs Brigade” — both claimed responsibility for the attack.
Secretary of State Hillary Clinton's motorcade faced a barrage of tomatoes, shoes, and protesters in her visit to Cairo, Egypt July 16. Some Egyptian protesters charged that the U.S. government had supported the Muslim Brotherhood in the Islamic nation's recent presidential election, though it's unclear if the Obama administration did provide support for any party.