World News Thread & Breaking News!!

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delft

Brigadier
Of course Merkel needs to be diplomatic. The article in my center right newspaper this evening is a lot stronger. You might know, but probably don't, that the political party led by Merkel, CDU, is not active in one of the German "Laender", Bavaria. In Bavaria there is corresponding party called CSU. A member of parliament for that party, Hans-Peter Uhl, wrote in a Sunday newspaper, Welt am Sonntag, that the Americans act like "a digital occupation force". That's not the type of language you expect from a German politician of the ruling coalition unless many take the matter very seriously.

My paper also gives some background to the development of the affair. It says that a mail from a gmail account of the spy to the Russian consulate in Munich was intercepted by the German internal secret service Bundes Verfassungsschutz. The mail contained confidential documents. The Germans asked US help in identifying the owner of the account but this help was not given and the account was closed a short while later. The owner was then identified by tracing the people who had access to all the confidential documents. The spy confessed.
I do wonder if another secret service had identified the spy and forged the mail to the Russian consulate. :)
 

AssassinsMace

Lieutenant General
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It's pretty bewildering why Obama has chosen to alienate enemies and allies alike. Interesting how countries that don't seem to be targeted by Obama's campaign are a part of the five eyes spying alliance.
 

Air Force Brat

Brigadier
Super Moderator
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It's pretty bewildering why Obama has chosen to alienate enemies and allies alike. Interesting how countries that don't seem to be targeted by Obama's campaign are a part of the five eyes spying alliance.

Just call em what they are-----STOOPID! My wild neighbor in Tennessee had a stoopid pony by that name, and it fit him real well, I'd say its beyond appropriate with our present regime! so for a Forrest Gump----STOOPID is as STOOPID does, and frankly, that's beyond stoopid.
 

mr.bean

Junior Member
Just call em what they are-----STOOPID! My wild neighbor in Tennessee had a stoopid pony by that name, and it fit him real well, I'd say its beyond appropriate with our present regime! so for a Forrest Gump----STOOPID is as STOOPID does, and frankly, that's beyond stoopid.

call them stoopid and it really is but it is effective. being locked out of the united states financial market, which is the biggest in the world is a disaster for any western financial institution. BNP of france is totally screwed now, either it pays the hefty fine of 9 billion or be kicked out of the US.
 

texx1

Junior Member
call them stoopid and it really is but it is effective. being locked out of the united states financial market, which is the biggest in the world is a disaster for any western financial institution. BNP of france is totally screwed now, either it pays the hefty fine of 9 billion or be kicked out of the US.

There is no doubt BNP will pay the fine. However, France has signaled willingness for retaliation that would hurt US (specifically US dollar as reserve currency) a lot more than just 9 billion dollar fine. Any damage to the US dollar's reserve currency status would have catastrophic consequences for the US economy and subsequently its overall power in the world.

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French Finance Minister Michel Sapin said euro area governments need to look at ways of bolstering the use of the euro in international transactions as a matter of “global balance.”

The remarks come a week after Paris-based bank BNP Paribas (BNP) SA was slapped with a $8.97 billion fine by U.S. authorities for transactions carried out in dollars in countries facing American sanctions. The fine spurred debate in France about the right of the U.S. in extending its regulatory reach beyond its borders.

“This is not a fight against dollar imperialism,” Sapin said in an interview with Bloomberg Television in Aix-en-Provence, France. “We sell ourselves aircraft in dollars. Is that really necessary? I don’t think so.”

Euro area finance ministers will discuss ways of increasing the use of the euro tomorrow in Brussels, Sapin said. The French finance minister received support from Christophe de Margerie, head of French oil company Total SA (FP), who said yesterday that he sees no reason for oil purchases to be made in dollars, adding that it makes sense to expand the use of other currencies in transactions outside the U.S.

“Nothing prevents anyone from paying for oil in euros,” de Margerie said in Aix-en-Provence. “The price of a barrel of oil is quoted in dollars. A refinery can take that price and using the euro-dollar exchange rate on any given day, agree to make the payment in euros.”
 

delft

Brigadier
There is no doubt BNP will pay the fine. However, France has signaled willingness for retaliation that would hurt US (specifically US dollar as reserve currency) a lot more than just 9 billion dollar fine. Any damage to the US dollar's reserve currency status would have catastrophic consequences for the US economy and subsequently its overall power in the world.

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The Euro lacks the political and military backing to play that role. The US$ acquired its exorbitant position as a result of the oil crisis of the early seventies. US and KSA agreed that Saudi oil would only be traded in dollars and the dollars would be "recycled" mostly to the US. When the US doesn't need to import oil ( not likely to happen ) or when the Saudi oil runs out we get into a new situation in which we might see a basket of currencies as backing for an international currency and probably ( there are experiments in many countries including US, UK and The Netherlands ) a multitude of local currencies used in addition to national currencies.
 

texx1

Junior Member
The Euro lacks the political and military backing to play that role. The US$ acquired its exorbitant position as a result of the oil crisis of the early seventies. US and KSA agreed that Saudi oil would only be traded in dollars and the dollars would be "recycled" mostly to the US. When the US doesn't need to import oil ( not likely to happen ) or when the Saudi oil runs out we get into a new situation in which we might see a basket of currencies as backing for an international currency and probably ( there are experiments in many countries including US, UK and The Netherlands ) a multitude of local currencies used in addition to national currencies.

I agreed that Euro is very unlikely to achieve the reserve currency status in a sense that is currently being enjoyed by the US dollar, mainly due to EU's inability to keep its peripheral countries (Greece, Spain, Italy) in line. There are many anti- EU/separatist movements that are gaining popularity in those countries. Faith in euro would diminish when Brussels can't keep EU unified.

Comments from French finance minster should be seen in the context that for the first time there is noted doubts (from a US ally no less) about US dollar's reserve status, something the world has accepted as a fact of life for the last 65 years. With more bilateral trading agreements bypassing US dollars entirely (ex. gas deal between China & Russia) and RMB's clearing and settling of payments agreements in Frankfurt and London, the credibility of US dollar as reserve currency is being slowly chipped away as US dollars are on longer a must requirement in international trade.

Comments from oil executives about pricing oil not in US dollars is even more damaging as the notion of US oil dollar is not longer sacrosanct. If this notion managed to gain traction, there's no guarantee that Saudis and other OPEC countries wouldn't diversify. Russia on the other hand is probably happy to switch.

As for the future, the most likely outcome would be a basket of currencies and gold acting together as a new reserve, in which US dollar would still be a part of, but not as prominently as it is now.
 
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Miragedriver

Brigadier
Hope we don’t end up like Mars.

Earth's Magnetic Field Is Weakening 10 Times Faster Now
Earth's magnetic field, which protects the planet from huge blasts of deadly solar radiation, has been weakening over the past six months, according to data collected by a European Space Agency (ESA) satellite array called Swarm.
The biggest weak spots in the magnetic field — which extends 370,000 miles (600,000 kilometers) above the planet's surface — have sprung up over the Western Hemisphere, while the field has strengthened over areas like the southern Indian Ocean, according to the magnetometers onboard the Swarm satellites — three separate satellites floating in tandem.
The scientists who conducted the study are still unsure why the magnetic field is weakening, but one likely reason is that Earth's magnetic poles are getting ready to flip, said Rune Floberghagen, the ESA's Swarm mission manager. In fact, the data suggest magnetic north is moving toward Siberia.
"Such a flip is not instantaneous, but would take many hundred if not a few thousand years," Floberghagen told Live Science. "They have happened many times in the past."[50 Amazing Facts About Planet Earth]
Scientists already know that magnetic north shifts. Once every few hundred thousand years the magnetic poles flip so that a compass would point south instead of north. While changes in magnetic field strength are part of this normal flipping cycle, data from Swarm have shown the field is starting to weaken faster than in the past. Previously, researchers estimated the field was weakening about 5 percent per century, but the new data revealed the field is actually weakening at 5 percent per decade, or 10 times faster than thought. As such, rather than the full flip occurring in about 2,000 years, as was predicted, the new data suggest it could happen sooner.
Floberghagen hopes that more data from Swarm will shed light on why the field is weakening faster now.
Changes measured by the Swarm satellite over the past 6 months shows that Earth's magnetic field …
Still, there is no evidence that a weakened magnetic field would result in a doomsday for Earth. During past polarity flips there were no mass extinctions or evidence of radiation damage. Researchers think power grids and communication systems would be most at risk.
Earth's magnetic field acts like a giant invisible bubble that shields the planet from the dangerous cosmic radiation spewing from the sun in the form of solar winds. The field exists because Earth has a giant ball of iron at its core surrounded by an outer layer of molten metal. Changes in the core's temperature and Earth's rotation boil and swirl the liquid metal around in the outer core, creating magnetic field lines.
The movement of the molten metal is why some areas of the magnetic field strengthen while others weaken, Florberghagen said. When the boiling in one area of the outer core slows down, fewer currents of charged particles are released, and the magnetic field over the surface weakens.
"The flow of the liquid outer core almost pulls the magnetic field around with it," Floberghagen said. "So, a field weakening over the American continent would mean that the flow in the outer core below America is slowing down."
The Swarm satellites not only pick up signals coming from the Earth's magnetic field, but also from its core, mantle, crust and oceans. Scientists at the ESA hope to use the data to make navigation systems that rely on the magnetic field, such as aircraft instruments, more accurate, improve earthquake predictions and pinpoint areas below the planet's surface that are rich in natural resources. Scientists think fluctuations in the magnetic field could help identify where continental plates are shifting and help predict earthquakes.
These first results from Swarm were presented at the Third Swarm Science Meeting in Denmark on June 19.


I will now get back to bottling my Malbec
 

texx1

Junior Member
The Spying scandal has escalated. Berlin just expelled CIA Station Chief, an unprecedented move between allies. This probably marks the historic low point of German-US relationship. I wonder if this would negatively impact NATO.

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BERLIN — The German government has asked the CIA station chief at the U.S. Embassy in Berlin to leave the country, an unusual action between allies that represents a public expression of anger over reported cases of U.S. spying in Germany.

“The representative of the U.S. intelligence services at the Embassy of the United States of America has been requested to leave Germany,” government spokesman Steffen Seibert said in a statement Thursday.

A day earlier, federal prosecutors in Germany said police had searched the office and apartment of an individual with ties to the German military who is suspected of working for U.S. intelligence. Those raids followed the arrest of an employee of Germany’s foreign intelligence service who was accused of selling secrets to the CIA.

Seibert said the request for the CIA official’s departure was made “against the backdrop of the ongoing investigations of the Federal Prosecutor General as well as the questions pending for months about the activities of the US intelligence services in Germany, for which the Lower House of Parliament has also established a parliamentary inquiry committee.”

German officials have also been angered by the revelations of former National Security Agency contractor Edward Snowden of widespread U.S. surveillance in Germany. Among the targets was Chancellor Angela Merkel’s cellphone, an operation that has since been halted.

“The Federal Government takes these incidents very seriously,” said Seibert. “It remains vital for Germany, in the interest of the security of its citizens and its forces abroad, to cooperate closely and trustfully with western partners, in particular with the USA. To do so, however, mutual trust and openness are necessary. The Federal Government continues to be ready for this and expects the same from its closest partners.”

U.S. officials had no immediate comment on the German government’s action.

“We have seen these reports and have no comment on a purported intelligence matter,” said Catlin Hayden, a spokeswoman for the National Security Council. “However, our security and intelligence relationship with Germany is a very important one, and it keeps Germans and Americans safe. It is essential that cooperation continue in all areas, and we will continue to be in touch with the German government in appropriate channels.”

For years, Germany has sought to be included in a group of countries with which the United States has a non-espionage pact. Those nations include Britain, Australia, Canada and New Zealand.

The Obama administration and that of George W. Bush both resisted such entreaties, in part because many U.S. intelligence officials believe that there are too many areas where German and U.S. security interests diverge.

“The Germans do lots and lots of stuff and don’t tell us everything they do,” said a former senior U.S. intelligence official who worked extensively with Germany’s Federal Intelligence Service, known as the BND. U.S. policymakers turn to the CIA and other agencies for deeper understanding of issues, including whether there are gaps between the two countries in their commitment to efforts to block any nuclear weapons ambitions by Iran, the former official said.

The crackdown may also reflect political dynamics in Germany, where critics of Merkel have taken advantage of the Snowden leaks to cast her as weak for failing to grasp or prevent such extensive U.S. espionage.

The arrest and raids are driven in part by “this business that they want a no-espionage agreement,” said the former U.S. intelligence official. “But it’s also being driven by internal politics” and the perception that the Snowden disclosures “made them look incompetent.”

The arrest and raids in recent days have also generated concern that Germany may not be finished rounding up alleged U.S. spies. After the Snowden leaks, the CIA evaluated operations in Europe and put some on hold because of fears of exposure and ensuing tension with Germany and other allies, a second former U.S. intelligence official said.

The latest developments also exposed an apparent lapse by the CIA in keeping the White House apprised of setbacks in Germany.

A U.S. official acknowledged that when President Obama spoke with Merkel on July 3, he had not been told that a CIA informant had been arrested there the day before, a situation reported by the New York Times. Merkel did not raise the issue during the call.
 

delft

Brigadier
My Dutch newspaper writes that a member of the center right Freie Democratische Partei and Justice minister in the previous Merkel cabinet Mrs Sabine Leutheusser-Schnarrenberger proposed to end the free trade negotiations between US and EU and extent asylum to Edward Snowdon. The anger in Germany is widespread.
Some people propose as explanation for so much "stupidity" that separate bureaucracies in Washington do not cooperate and feel they need their own sources of information rather than be dependent on the diplomatic service as has been usual in Western countries over the last five centuries. The US diplomatic service suffers of course from the use of ambassadorships to reward people who collected money for the successful presidential candidate and from being starved of money.
 
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