Fears Rise in Europe Over Potential for Deflation – NYTimes.com

Economists like Mr. Weinberg — and a few policy makers as well — are beginning to worry that a danger of deflation in Europe, similar to the one that strangled Japanese growth for most of the 1990s, is a bigger threat than inflation.

Prices fell in Ireland in April, while inflation was below 1 percent in five other euro zone countries. The problem also extends outside the euro zone.

“We all share some risks and problems in common with Japan circa 1995,” Adam S. Posen, a member of the Bank of England’s monetary policy committee, told an audience at the London School of Economics on May 2.

The United States is also at risk, …

Fears Rise in Europe Over Potential for Deflation – NYTimes.com

Photo Gallery: A bird’s eye view of the prisons and palaces of Kim Jong-il’s North Korea – Telegraph

Looking closely at the images of North Korea using the Google Earth web service one can see evidence of not only Prsident Kim Jong-il’s lavish lifestyle but also of the state’s gulags and prison camps. This image shows Kim Jong-il’s Sinuiju house complete with private train station in the bottom right hand corner

A bird’s eye view of the prisons and palaces of Kim Jong-il’s North Korea – Telegraph

Beijing warned property bubble worse than US

The amount of discontent in China is very high. The popping of the housing market bubble could destabilize the current communist government.

The problems in China’s housing market are more severe than those in the US before the financial crisis because they combine a potential bubble with the risk of social discontent, according to an adviser to the Chinese central bank.

FT.com / UK – Beijing warned property bubble worse than US

South Korea steps up campaign over ship sinking – Washington Times

South Korea broadened efforts Monday to persuade the world and its own public that North Korea sank one of its warships, sharing evidence with Russian torpedo experts and preparing a special briefing for influential bloggers and Twitter personalities.

S. Korea steps up campaign over ship sinking – Washington Times

Latin America on the Edge

Today, a large part of the Latin American continent is in danger of collapsing into a situation that fluctuates between totalitarianism and anarchy, between authoritarianism and chaos. The region is also in danger of falling under the strange influence of insurgent and terrorist groups, drug cartels and distant countries that historically have been poles apart from the region’s culture and civilization (mainly Iran , China , and perhaps Russia).

The Cutting Edge News

Russia’s Military Weakness May Lead to USA’s Aggression – Pravda.Ru

Russia’s aerospace security is in danger. The commander of the Russian Air Force Anatoly Kornukov and the former chief for procurement of the Russian Armed Forces Anatoly Sitnov stated that the military hardware of the Russian aerospace defense system was outdated. The nation’s defense complex, which produces the weaponry for air and space defense, is in a deplorable state, the two officials said.

As a result, Russia has fallen 25 or even 30 years behind its potential enemies in air defense technologies.

Russia’s Military Weakness May Lead to USA’s Aggression – Pravda.Ru

IAEA: Iran has over 2 tons enriched uranium -2 bombs’ worth

Iran has amassed more than two tons of enriched uranium, the International Atomic Energy Agency said Monday in a report that heightened Western concerns about the country preparing to produce a nuclear weapon.

Two tons of uranium would suffice for two nuclear warheads, although Iran says it does not want weapons and is only pursuing civilian nuclear energy.

IAEA: Iran has over 2 tons enriched uranium -2 bombs’ worth

IAEA Iran Report: Enrichment Increases Slightly; Lack of Adequate Safeguards

The International Atomic Energy Agency (IAEA) released on May 31, 2010 its latest report on the implementation of NPT safeguards in Iran and the status of Iran’s compliance with Security Council Resolutions 1737, 1747 and 1803.

The following analysis highlights the IAEA’s key findings, including 1) modestly increased production of LEU at the Natanz fuel enrichment plant; 2) expected levels of production of 20 percent LEU using a single cascade of 164 centrifuges at the pilot fuel enrichment plant (PFEP); 3) continued research and development of advanced centrifuges; and 4) no progress toward resolving outstanding questions regarding the “military applications” of Iran’s nuclear activities.

A recurring issue throughout the report concerns Iran’s minimalist application of safeguards, in particular where the IAEA seeks information about new enrichment facilities that are reportedly under construction, design information for the Fordow facility, centrifuge production, uranium mining and related activities. The IAEA continues to note that Iran’s refusal to be bound by its 2003 safeguards agreement and subsidiary arrangements does not allow the Agency to build confidence in the peaceful nature of Iran’s nuclear activities

Institute for Science and International Security › ISIS Reports › Iran › IAEA Iran Report:  Enrichment Increases Slightly; Lack of Adequate Safeguards

Gaza Flotilla was a Martydom operation

Dear Friends

For all those that wish to help Israel in the PR war we need you to help now. The Muslims are trying to use the Gaza Flotilla incident to exploit in the propaganda war against Israel.

The Gaza Flotilla was a deliberate attempt to provoke Israel and the intention was to “kill Jews” in a martydom operation. We have provided a link that was translated by palwatch.org from Al Jazeera TV just before the operation took place as well as another link of video which shows the beating of soldiers which forced Israel to take forceful action.

http://www.palwatch.org/main.aspx?fi=157&doc_id=2323

http://www.youtube.com/user/idfnadesk

Please watch links and send them to all your friends, Send them to all your local radio talk show hosts as well as the national ones you may listen to. Explain with a short note the truth. Use polite and respectful language always.

Send them also to your local TV affiliates. You can find their email addresses on their web sites.

We have nearly 9000 of you on our list. Each one can make a difference to expose the evil that is not only attacking Israel but us too in the USA.

the truth needs to get out, make your media tell it!

Shalom

Keith Davies
Director
http://www.shoebat.com