The key question is whether something could happen in 2007 to drain away this liquidity. For most investors and policymakers, the nightmare scenario remains that of the post-1929 Depression, when a stock-market crash was followed by a spectacular wave of bank failures and a massive monetary meltdown. However, by blaming the Hungry Thirties on blunders [...]

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Russia has threatened to target two proposed American bases in Europe with its nuclear missiles if the Pentagon pressed ahead with its plans for a missile defence shield.
In an escalation of the Cold War-style threats favoured by President Vladimir Putin, the general in charge of Russia’s ballistic arsenal said that he could target the bases [...]

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Iran confirmed on Monday that it had received the first fuel shipment for its nuclear power plant at Bushehr, but also indicated for the first time that it was building a second nuclear power plant.
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Aghazadeh said Monday that Iran needed to increase the centrifuges at the Natanz enrichment plant from 3,000 to 50,000, saying that [...]

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Flying bots rule the skies in combat zones around the globe. Now the battle is on between the joystick jockeys and the fighter jocks.
The F-16s had come and gone, dropping a pair of 500-pound satellite-guided bombs on an insurgent safe house in Iraq’s Sunni Triangle. Now it was up to Major Shannon Rogers to see [...]

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Russia will double its test launches of intercontinental ballistic missiles after 2009, the Strategic Missiles Forces (SMF) commander said on Monday.
“The number of launches will almost double after 2009 or 2010,” Colonel General Nikolai Solovtsov told a news conference.
He said Russia is putting an average of three mobile and three or four fixed-site missile launching [...]

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Some of Dubai’s districts are known as “Little Tehran.” Iranians have their own clubs and Iranian restaurants do a thriving business throughout the Emirates. Little understood among those advocating tighter economic sanctions against Iran is that the United Arab Emirates is Iran’s first trading partner. Iran imports more than $10 billion from the United Arab [...]

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2007 was a year in which Russia deployed new weapons, withdrew from a major European security treaty, and held a widely criticized election campaign, all while continuing to enjoy economic growth and a stronger currency. VOA Moscow Correspondent Peter Fedynsky looks at a year of Russian muscle-flexing.
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Iran Receives Nuclear Fuel in Blow to US
New York Times, United States - 4 hours ago
By HELENE COOPER WASHINGTON — The United States lost a years-long battle when Russia delivered nuclear fuel on Monday for an Iranian power plant that is at …
Bush seeks more pressure on Iran after Russia moves AFP
Over a barrel [...]

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China has put India’s northern region under threat through reorganizing its missile facilities near Delingha in Qinghai province. According to recent satellite images, China is putting medium range missiles in this area which have a range of over 2500km. The deployment of medium range ballistic missiles in this region could put northern India, including New [...]

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The die is now cast. In 2010, an Iranian nuclear bomb will detonate in an American city, fabricated with the help of the Syrians, the North Koreans and the A.Q.Khan network, with financing from criminal elements in both Moscow and Peking. The mullahs will threaten further attacks if the United States does not completely pull [...]

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The foreign ministry in Moscow announced Monday, Dec. 17, the delivery of the first fuel shipment to power the Iranian nuclear reactor Russia is building at Bushehr. The announcement coincided with an international conference in Paris for 60 countries to consider the Palestinians’ application for $5.6 bn in aid. DEBKAfile’s Moscow sources report this was [...]

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This is potentially the strongest Russian naval move in more than a decade. While in a shooting war it would be a foolish play, Russia is making a strong political show of force at a time when its interests are on the line in both Kosovo and the Middle East. And people tend to notice [...]

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The interceptor was fired by the Kongo, the first of four Japanese destroyers due to be outfitted to counter missiles that could carry chemical, biological or nuclear warheads.
By intercepting a missile similar in speed and size to those in North Korea’s arsenal, “Japan has proven its capability to defend and protect their country from North [...]

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Itar-Tass news agency said the Tula carried Sineva missiles.
Russia on Monday test-launched a new intercontinental ballistic missile, part of a system that can outperform any anti-missile system likely to be deployed, according to the officer in charge of missile forces.
The missile was launched from the Tula nuclear-powered submarine in the Barents Sea in the Arctic, [...]

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