World News Headlines
Bloomberg reported on July 21:
"American Express Co., the biggest U.S. credit-card company by purchases, withdrew its 2008 earnings forecast after second-quarter profit fell 37 percent on worse-than-expected consumer defaults... Profit from continuing operations declined to $655 million... . . .
The Telegraph wrote on July 21:
"It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, . . .
The Economist wrote on July 19:
"SO WORLD markets are short of oil, and supplies of food are running thin. The prices of all sorts of basic commodities are soaring, and now there may also be reason for many to worry about the most fundamental of necessities—water. Some experts believe so, . . .
The Independent wrote on July 21:
"The world is failing to guard against the inevitable spread of a devastating flu pandemic which could kill 50 million people and wreak massive disruption around the globe, the [British] Government has warned... The Government's evidence appeared in a highly . . .
The Associated Press reported on July 19:
"Democratic presidential contender Barack Obama started a campaign-season tour of combat zones and foreign capitals, visiting with U.S. forces in Kuwait and then Afghanistan — the scene of a war he says deserves more attention and more troops... Obama . . .
AFP wrote on July 23:
"Barack Obama on Wednesday vowed to forge an 'unshakeable' bond with Israel if he becomes the next US president and warned a nuclear Iran would pose a 'grave threat' which the world must forestall. The Democratic White House hopeful hailed Israel as a 'miracle' as he . . .
The Jerusalem Post wrote on July 16:
"An Israeli attack on Iran seems inevitable. If it succeeds, it will return to Israel its deterrent power and send a clear message to the saber-rattling jihadists that they were too early in beginning the countdown for the disappearance of the Jewish state. . . .
Der Spiegel Online reported on July 21:
"In the run-up to Barack Obama's visit to Berlin, leading foreign and security policy experts for Germany's center-left Social Democratic Party (SPD) are warning the United States presidential candidate against making any far-reaching demands on the . . .
On July 21, Der Spiegel Online wrote about Germany's Adulation of Barack Obama, which may end very soon. The magazine reported:
"Germans have fallen in love with the man many in Europe have come to see as the anti-Bush -- the man who many hope will steer America back toward the path of peace, . . .
In a related and unnecessarily lengthy, laborious and almost tiresome article of July 21, titled, "An American Idol in Germany," Der Spiegel Online wrote about Europe's perception of Barack Obama as a savior of mankind--a perception which might soon disappear. We are bringing you the following . . .
On July 24, Barack Obama gave his long-awaited speech in Berlin. The "Superstar," as Der Spiegel Online called him, spoke to an estimated crowd of more than 200,000 people, according to Bild Online. He said a few things which Europeans and especially Germans might NOT have wanted to hear, including . . .
The EUObserver wrote on July 24:
"The Italian senate's unanimous support for the Lisbon treaty on Wednesday (23 July) should help force Ireland into a revote, Italian politicians said, with Ireland looking increasingly likely to stand out as the only EU country not to ratify the text... Twenty . . .
The EUObserver wrote on July 16:
"Mark Schapiro - an American investigative journalist of some twenty years' standing and the editorial director of the Center for Investigative Journalism - believes... that we can date the eclipse of the United States by the European Union quite precisely . . .
America's Financial Crisis