The federal government has done such a bang-up job of picking winners in the “clean energy” field here at home (see, e.g., Solyndra) that it is now planning to spend $20 million of taxpayers’ money on similar projects in Africa — with “hundreds of millions of dollars” to follow, according to Secretary of State Hillary Clinton.

 When former Paraguayan President Fernando Lugo Méndez was lawfully impeached by united lawmakers in late June, Latin America’s powerful socialist leaders denounced the move against their comrade as a “coup” against “democracy.” Despite the fact that the impeachment by a democratically elected Congress followed constitutional procedures and was endorsed by the nation’s Supreme Court, the outcry against the ouster and Paraguay’s new leader is still growing.

The commander of Iran’s Islamic Revolution Guards Corps (IRGC) Aerospace Force declared Wednesday that the IRGC has prepared comprehensive contingency plans to attack 35 American military bases in the region “within minutes” of an American military strike on his country.

 

After the German government ratified the European Stability Mechanism, a permanent eurozone bailout package, opponents within Germany asked the nation's Constitutional Court for a temporary injunction against the ESM. The court will then rule on the constitutionality of the bailout scheme, possibly leading to a eurozone breakup.

The United States is building Afghanistan a $92 million "Pentagon," one of more than 1,100 buildings built or under construction in that country at a cost to the United States of $10 billion.

Newly-elected Egyptian president Mohamed Morsi shocked the Obama administration with a call for the release of the release of Sheik Omar Abdel Rahman, the terrorist associated with the 1993 World Trade Center bombing.

 JBS CEO Art Thompson's video news update for July 2 - 8, 2012.

Despite conventional wisdom and reports from the mainstream media, the present day actions of the Russian Federation, led by Vladimir Putin and Dmitry Medvedev, reflect little to no deviation from the strategic anti-Western polices set forth by the Soviet Union, during the Cold War.

While Americans are embroiled in discussions of the various implications of this year’s presidential contest, very few of them are weighing the significance of a presidential election that will take place tomorrow just across the southern border of these United States. The candidates of three major parties are vying for the presidency of Mexico, and no matter which candidate wins, he — or she — will face the task of rebuilding a nation devastated by years of war and economic crisis.

With the ascension of the Muslim Brotherhood to power and relinquishing of power by the military, Egypt's military will no longer be able to arrest protesters, but critics wonder whether the Brotherhood can be trusted with its newly acquired power.

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