
Europe  clings to scorched-earth ideology as depression deepens
The  eurozone has crashed back into double-dip recession. It will contract a further  0.3pc next year, according to a chastened European Central Bank. The ECB omitted  mention of its own role in this fiasco by allowing all key measures of the money  supply to stall in mid-2012, with the time-honoured consequences six months to a  year later.
Time window of N.  Korea's rocket launch begins
The announced time window of North  Korea's rocket launch began as of 7:00 AM on Monday. North Korea has hinted at a  possible postponement of the plan. But other nations remain on alert for the  launch until a final decision by the North is confirmed.
Report:  Israeli Special Forces Track Chemical Weapons in Syria
“We have  known for years the exact location of Syria’s stockpile of chemical and  biological weapons," an Israeli source told The London Times. He noted that  satellites and unmanned drones have helped locate the weapons.
Russia  arms Syria with powerful ballistic missiles
Hours after NATO  agreed on Tuesday to send Patriot missiles to Turkey because of the crisis in  Syria, Russia delivered its first shipment of Iskander missiles to Syria.
Mysterious  booms rock Verde Valley
"It was a whole series of booms," Swesey  said. "Up to six or seven. It was fast, it went loud. We were quiet and then my  daughter down the hall screams really loud, ‘Did you hear that?' I sat there for  a second and I heard another set." Swesey wasn't alone. Residents in communities  in and around Verde Valley and as far as Flagstaff called 911 or their police  and fire departments to report the strange booming sounds. "It sounded like  thunder, but underground," Swesey said. "Like muffled thunder. And all the dogs  in the neighborhood, all of them that were outside all started barking at once."
Phillippines  Jolted by 5.7 Magnitude Earthquake
A strong 5.6 magnitude  earthquake just jolted the Phillippines moments ago. The quake’s epicenter was  9km E of Talisay. Presently there are no reports of any injuries or damage and  no tsunami warnings were issued yet.
Moderate  earthquake recorded in New Guinea
An earthquake with an  estimated magnitude of 5.2 shook portions of New Guinea Sunday at about 10:30  a.m. PST, the U.S. Geological Survey reported in an email alert. It was 4:30  a.m. Monday in New Guinea when the earth shifted.
Wall  St Week Ahead: "Cliff" worries may drive tax selling
Investors  typically sell stocks to cut their losses at year end. But worries about the  "fiscal cliff" and the possibility of higher taxes in 2013 may act as the  greatest incentive to sell both winners and losers by December 31. The $600  billion of automatic tax increases and spending cuts scheduled for the beginning  of next year includes higher rates for capital gains, making tax-related selling  even more appealing than usual.
Chinese  Group Buys 80% of AIG Plane Unit for $4.2 Billion
A Chinese  group agreed to buy 80.1 percent of American International Group Inc. (AIG)’s  plane-leasing unit for $4.23 billion in the nation’s largest acquisition of a  U.S. company. The International Lease Finance Corp. acquirers, led by New China  Trust Co. Chairman Weng Xianding, have an option to buy another 9.9 percent, New  York-based AIG said today in a statement.
Deadly clashes in  Lebanese city of Tripoli
Six people were killed and at least 40  injured in the Lebanese city of Tripoli in clashes on Sunday between opponents  and supporters of Syria's president. Since Tuesday, 19 people have died in the  fighting between residents of the Alawite district of Jabal Muhsin and the Sunni  Muslim Bab al-Tabbana area. Sectarian tensions in Tripoli have been aggravated  by the conflict in Syria.
Arabs  offer Palestinians $100 million a month "financial safety  net"
Arab states agreed to provide the Palestinian Authority  with a $100 million monthly "financial safety net" to help President Mahmoud  Abbas's government cope with an economic crisis after the United Nations granted  de facto statehood to Palestine.
Foodstamps  Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two  Months
And we thought last month's delayed foodstamp data was  bad. The just reported foodstamp number for September was a doozy, with 607,544  new Americans becoming eligible for foodstamps, as a record 47.7 million  Americans are now living in poverty at least according to the USDA. The monthly  increase was the highest since May 2011, and with August's 421K new impoverished  America, over 1 million Americans made the EBT card their new best friend.
North  Korea extends rocket launch period over Christmas
A day after  announcing a review of the original December 10-22 launch schedule, the Korean  Committee of Space Technology said it was extending the window to December 29.  In a statement carried by the official Korean Central News Agency, the committee  said scientists and technicians were still "pushing forward" with preparations  for the mission.